Lecture 4 27

Lecture 4 27 - at the steady state, satisfying one of the...

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In the Steady State By a similar argument: g A A A y y y = = ' ' So both output per worker and capital per worker grow at the rate of technology, g,
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Unformatted text preview: at the steady state, satisfying one of the Kaldor’s Stylized Facts of Growth....
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