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Consider a basic Solow-Swan model. Suppose the aggregate production function is Y = AK^1/2*L^1/2 and that A=1 , the depreciation rate is 0.06 and the
Consider a basic Solow-Swan model. Suppose the aggregate production function is Y = AK^1/2*L^1/2 and that A=1 , the depreciation rate is 0.06 and the saving rate is 0.12 . In steady state, what is the output per worker and consumption
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Statistics Principles And Methods
Authors: Richard A. Johnson, Gouri K. Bhattacharyya
7th Edition
9780470904114
