Assignment 3 - Assignment3 TheSolowGrowthModel...

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Assignment 3 The Solow Growth Model  y = income per capita h = average years of schooling  = savings rate ϒ n = population growth  = deprecation rate δ Pakistan (2005) United States (2005) h = 32.67 years h = 12.49 years n = 2.2% n = 1.06% A = 1* A = 1* δ  =  1*  =  1* δ ϒ  = 25%  = 13.87% ϒ * Assuming that both the given countries have the same level of  technology and capital stock,   and A are constant = 1 δ i. Steady State level for output per worker (y ss ) when   = α   1/3 Pakistan = 16.16
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United States = 4.63
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This note was uploaded on 02/15/2011 for the course ECON 307 taught by Professor Jackson during the Winter '11 term at Wilfred Laurier University .

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Assignment 3 - Assignment3 TheSolowGrowthModel...

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