Robustness of the growth-drag calculations. In the Nordhaus-style calculation of the growth drag, we assumed a land
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Robustness of the growth-drag calculations. In the Nordhaus-style calculation of the growth drag, we assumed a land share of 10 percent and an energy share of 10 percent. As some of the discussion in the chapter suggested, these values may be too high. Redo the growth-drag calculation and the t calculation in the following cases:
(a) b = .05, g = .05.
(b) b = .05, g = .02.
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Related Book For 
Introduction To Economic Growth
ISBN: 9780393919172
3rd Edition
Authors: Charles I. Jones, Dietrich Vollrath
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