Consider the Solow-Swan growth model, with a savings rate, s, a depreciation rate, 8, and a population growth rate, n. The production function is given
Consider the Solow-Swan growth model, with a savings rate, s, a depreciation rate, 8, and a population growth rate, n. The production function is given by: Y = AK + BK1/3 H1/3 L1/3 where A and B are positive constants. Note that this production is a mixture of Romer's AK model and the neoclassical Cobb-Douglas production function
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