4. Show that the constant levels of capital per worker and output per worker in steady state...

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4. Show that the constant levels of capital per worker and output per worker in steady state are:

* ( S )1/[(1- a)(l - 9\)J k = -

n+O and

* = (-s-)la+~(l a)J/ (1 ")(1 )J.

y n+J

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Introducing Advanced Macroeconomics: Growth And Business Cycles

ISBN: 9783031200922

1st Edition

Authors: Peter Birch Sørensen, Hans Jørgen Whitta-Jacobsen

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