Lecture 3 22

Lecture 3 22 - N Y s N K d N K − = 1 dk k sf k k sy k d k...

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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.
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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...
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