Lecture 4 33

Lecture 4 33 - − − 1 1 1 ~ ) ( α Since does not change...

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Stylized Facts of Economic Growth 3. Rental price of capital (r) is constant From the first FOC: d k r d AN K r = = =
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Unformatted text preview: − − 1 1 1 ~ ) ( α Since does not change in the steady state, r is constant. k ~...
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