Solow Model with Technology Growth and Population Growth – Part 2 of 5

We finish up the nitty-gritty details of the solow model with technology growth and population growth, and solve for the steady state levels of capital per-e…
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3 Responses to “Solow Model with Technology Growth and Population Growth – Part 2 of 5” Subscribe

  1. economicurtis May 12, 2013 at 5:10 am #

    If you want to take a crack at it, I’m happy to offer feedback.

  2. economicurtis May 12, 2013 at 5:54 am #

    My main point was to show that aggregate output (Y) doesn’t have a steady state level. But that you can see the balanced growth path will be a function of all of those parameters and variables.

    To have an equation that says Y(t)=(K^a)*(EL)^(1-a)…, just start with the production function. The problem is that we’ll need to know the initial level of capital.

    I’m not totally sure what this will look like in continuous time. I know it’s doable for discrete time (the left column)

  3. arunkv247 May 12, 2013 at 6:29 am #

    Hi, at 12.36,when you say that this isn’t the actual result, what would the actual result for Y(t)* be, in continuous time?

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