Lecture 6 22

Lecture 6 22 - φλ γ A L s A A A φ λ − = Δ = Δ −...

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Steady State Growth Rate of Output Since we know that the rate of technology growth is constant, log-differentiating the RHS equals zero also: 1 ) ( = Δ
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Unformatted text preview: φλ γ A L s A A A φ λ − = Δ = Δ − + ⎟ ⎟ ⎠ ⎞ ⎜ ⎜ ⎝ ⎛ Δ + Δ + Δ 1 ) 1 ( n A A A A L L s s A A Thus:...
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