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Econ 114
Javier Birchenall
Due date:
Tuesday, October 19, 2010
Problem set 3: Population growth and the Solow Model
The following problem set includes time derivatives and calculus using concepts brie
f
y developed in class
and in depth considered in the book. An empirical part is also included. The data is available in an Excel
spreadsheet on the class web page,
econ.ucsb.edu/
~
jabirche/teaching.htm
Plan to spend 8 hours on these questions. Please return the problem set on time (next Tuesday during
class), remember you have the chance to miss one and only one, use it wisely. If you have any problems
regarding the questions please contact me by email:
jabirche@econ.ucsb.edu
.Goodlu
ck
!
I.
Fertility and poverty traps in the Solow model (theory)
Consider once again the Solow model of economic growth. Assume that the production function is
Y
=
AK
α
L
1
−
α
,
with
A
as productivity,
K
as physical capital and with
L
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 Fall '08
 CindyBenelli

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