{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Lecture 3 13

Lecture 3 13 - No government and No International Trade A4...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
The Basic Solow Growth Model: Assumptions The basic model assumes the followings: A1: Multi-periods A2: The economy production function has a constant returns to scale technology A3:
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: No government (!!!) and No International Trade A4: All factors of production are fully employed A5: Capital stocks can depreciate, but can be increased through investment....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online