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Consider the Solow growth model with a Cobb-Douglas production function with capital share , a constant savings rate s, a constant depreciation rate , and
Consider the Solow growth model with a Cobb-Douglas production function with capital share , a constant savings rate s, a constant depreciation rate , and a constant population growth rate n (0 < s,,n < 1). Suppose equals 1/3, and TFP initially is A1 > 0.
1. Derive the law of motion of capital per capita.
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