Lecture 5 20

Lecture 5 20 - Δ − Δ = Δ − Δ = Δ Δ − Δ = Δ...

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Lucas Two-Sector Growth Model So the change in capital per “human capital” is: [] [] k u d n k su k u n H dK sY k h h N N H K k H H k K K k H H K K k k ~ ) 1 ( ~ ~ ) 1 ( ~ ~ ~ ~ ~ ~ 1 + + = + = Δ +
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Unformatted text preview: Δ − Δ = Δ − Δ = Δ Δ − Δ = Δ − λ αα Therefore: Recall H=hL, apply log-differentiation...
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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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