Lecture 3 22

Lecture 3 22 - N Y s N K d N K + − = ) 1 ( ' [ ] dk k sf...

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

View Full Document Right Arrow Icon
A5: The capital stock of the economy Expressing the equation in per-capita form: So the capital per capita in the next period depends on the savings rate and the rate of depreciation.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: N Y s N K d N K + − = ) 1 ( ' [ ] dk k sf k k sy k d k − + = + − = ) ( ' ) 1 ( ' N does not grow, so N’=N...
View Full Document

This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

Ask a homework question - tutors are online