Lecture 4 9

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

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

View Full Document Right Arrow Icon
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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: new arrivals. • Capital Deepening: For the economy to move from one steady state to another – more capital per person needed...
View Full Document

Ask a homework question - tutors are online