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Solve the neoclassical growth model for the steady state values of , , , , , and for the following parameterization. = 2, = 0.96,
Solve the neoclassical growth model for the steady state values of , , , , , and for the following parameterization. = 2, = 0.96, = 0.3, = 0.1, and = 1. There is no government policy in this case. Compare these results to the ones on page 11 of the chapter notes. What can you conclude about the effect of higher TFP on an economy
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Numerical Methods With Chemical Engineering Applications
Authors: Kevin D. Dorfman, Prodromos Daoutidis
1st Edition
1107135117, 978-1107135116
