Lecture 6 18

Lecture 6 18 - Y Y − = 1 Note also x A K = Thus α K AL A...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Setup – Capital Stock Assume that all the capital goods play an identical role in the production process: Thus: x x i = αα x AL
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Y Y − = 1 Note also: x A K = Thus: α K AL A K AL Y Y Y − − = ⎟ ⎠ ⎞ ⎜ ⎝ ⎛ = 1 1 ) (...
View Full Document

This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

Ask a homework question - tutors are online