Lecture 5 21

Lecture 5 21 - Lucas Two-Sector Growth Model At the steady...

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Unformatted text preview: Lucas Two-Sector Growth Model At the steady State: ~ Δk = 0 ⇒ ~ ~ su1−α k *α = [n + d + λ (1 − u )]k * ~ [n + d + λ (1 − u )]k su 1−α ~α 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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