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See the Solow growth model in continuous time with different production functions: a) Cobb-Douglas Y = AK L with , (0,1), + = 1,A >
See the Solow growth model in continuous time with different production functions:
a) Cobb-Douglas Y = AKL with , (0,1), + = 1,A > 0
b) Leontieff Y = min {AK,BL} with A and B > 0
c) Linear Y = AK with A > 0
d) CES Y = [K + L]1/ with < 1
1. Study the dynamics of the model in every case.
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