Question
We will assume a Cobb-Douglas production function Y = A*K^*L^(1), =0.6, saving rate=0.5, depreciation rate=0.05, population growth rate=0.04, technology growth rate=0.04, Calculate steady state capital
We will assume a Cobb-Douglas production function Y = A*K^*L^(1), =0.6, saving rate=0.5, depreciation rate=0.05, population growth rate=0.04, technology growth rate=0.04, Calculate steady state capital per effective worker, output per effective worker, and consumption per effective worker by hand.
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Statistics The Art And Science Of Learning From Data
Authors: Alan Agresti, Christine A. Franklin
3rd Edition
9780321849281, 321755944, 321849280, 978-0321755940
