Lecture 4 23

Lecture 4 23 - AN K k AN Y y = = ~ ~ Log differentiating: k...

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Deriving the Capital Evolution Equation (Again) N N N A A A K K K k k k = ' ' ' ~ ~ ' ~ Does it mean that there is no steady state? Define output per “effective unit of labour” and capital per “effective unit of labour”
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Unformatted text preview: AN K k AN Y y = = ~ ~ Log differentiating: k n g d k sf k k n g K dK sY k k k ~ ) ( ) ~ ( ~ ' ~ ~ ~ ' ~ + + − = − ⎟ ⎠ ⎞ ⎜ ⎝ ⎛ − − − = −...
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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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