Lecture_3_2010_M - Intermediate acroeconomic Bruce Pre ton...

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Unformatted text preview: Intermediate acroeconomic Bruce Pre ton January 27, 2010 oday eory o Production im e enera ui i rium ode ome rediction rom t e t eory o roduction on rontin data cn a r u 1 u s y u y o u iu us o n m u n g u u r ur ou y t = 2 y noin os ro y y (1 + g ) t = 2 y c o m rumy t l (1 + g ) = l 2 noin oy o u o o o r iu o ou y os ro y t = l 2 l (1 + g ) ! : 7 g = 70 g % I s r iu o n r m u n u 2% u r y 7 y d 10% u r y y no dy r u o y u M u n a y uy u o r y n m u n y g x g y z = x=y n g z = g x g y z = x y n g z = g x + g y z = x a n g z = ag x u u y royn n y y r y eory o Production on ider t e o o in roduction unction z 7 ) g + 7 ag : 2 : ere z 7 out ut a 7 tota actor roducti ity g 7 ca ita 7 a or and 1 : 2 a arameter Pro ertie e o , ou a roduction unction a t e o o in ro ertie imini in mar ina return in ca ita imini in mar ina return in a or on tant return to ca e in ot in ut imini in ar ina eturn e mar ina roduct o ca ita i txg 7 z g 7 :ag : 2 2 : 1 o ca ita mean t at or a i en a or in ut and P aditiona unit o ca ita...
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Lecture_3_2010_M - Intermediate acroeconomic Bruce Pre ton...

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