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Unformatted text preview: Steady State
Y = ( ALY )1−α K α
Per-Capita form: Y ( ALY )1−α K α = L L ( AsY L)1−α K α 1−α α 1−α y= = A sY k L Δy ΔA Δk ΔA = (1 − α ) +α = y A k A ...
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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.
- Spring '11