Lecture 5 12

Lecture 5 12 - − − = − Δ = Δ Δ − Δ = Δ − α...

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One-Sector Model (Romer) The growth rate of k (capital per worker) is: k d n k s k k d n sy nk N dK sY nk N K k N N K K k k ) ( ) ( 1 + = Δ + =
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Unformatted text preview: − − = − Δ = Δ Δ − Δ = Δ − α λ • Define in per-capita form:...
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