Lecture 4 25

Lecture 4 25 - And capital per effective worker do not...

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In the Steady State * * ~ ) ( ) ~ ( k n g d k sf + + = * ~ ~ ' ~ k k k = = k ~ Substituting in the Capital evolution equation: In the steady state, both output per effective worker
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Unformatted text preview: And capital per effective worker do not grow. Hence: y ~ ~ ~ ' ~ ~ ~ ' ~ = − = − y y y 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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