Exercise 11.12. * Show that in the model of Section 11.3, if the Cobb-Douglas assumption is relaxed,

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Exercise 11.12. * Show that in the model of Section 11.3, if the Cobb-Douglas assumption is relaxed, there will not exist a balanced growth path with a constant share of capital income in GDP.

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Introduction To Modern Economic Growth

ISBN: 9780691132921

1st Edition

Authors: Daron Acemoglu

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Question Posted: Nov 16, 2024 08:01 AM

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Exercise 11.12. * Show that in the model of Section 11.3, if the Cobb-Douglas assumption is relaxed, there will not exist a balanced growth path with a constant share of capital income in GDP.
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Exercise 11.12. * Show that in the model of Section 11.3, if the Cobb-Douglas assumption is relaxed,

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Introduction To Modern Economic Growth

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