Lecture 4 13

Lecture 4 13 - But capital per person does not grow in the...

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Solow Model with Population growth At the steady state, k = k’ = k* * ) ( *) ( k d n k sf + = Therefore: N N N K K K N N N K K K k k k = = = ' ' 0 ' ' ' Growth Rate of the Economy’s capital stock = population growth rate
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Unformatted text preview: But capital per person does not grow in the steady state, hence output per capita does not grow in the steady state...
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This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

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