Lecture 4 9

Lecture 4 9 - new arrivals • Capital Deepening For the...

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Solow Model with Population growth When the population does grow, the economy requires more capital in order to grow: Capital Widening: Extra units of capital needed for the
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Unformatted text preview: new arrivals. • Capital Deepening: For the economy to move from one steady state to another – more capital per person needed...
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