Lecture 4 5

Lecture 4 5 - Growth occurs only during adjustment to the...

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

View Full Document Right Arrow Icon
Evaluating the Basic Solow Growth Model a) A useful starting point. b) No growth in the long run equilibrium (steady state).
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Growth occurs only during adjustment to the steady state. Does incorporating population growth in the Solow model helps?...
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