Application of Solow Swan Model - Effect of an Increase in Technology Growth
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- Опубликовано: 6 сен 2024
- What is the effect on Aggregate Output, Capital, Investment and Consumption, per-capita output, capital, investment and consumption, and per-effective-worker capital and output of a change in the growth rate of labor augmented technology?
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Video Outline
-Solow Diagram
-Time Series
--Per-effective workers, k ̂,y ̂
--Per-Capita Levels, k,y,i & c
--Aggregate Levels, Y,K
Thank you so much for this, man!! I have a midterm exam later including this topic and this will be of 10000% big help to me!!
Why does k*(t) not contain g explicitly? We multiply k-hat by A to calculate it, but there is still some non-zero growth rate g. Similar situation for K*(t) and n.
You sir are incredible
Hello, having done some reading I understand that productivity = efficiency X technology. However the book goes on to tell me that I can not model a technological shock using the solow model because it lead to a permanent increase in output. The solow model will only model a transitory movement. Therefore when you talk about this technological shock are you referring to an increase in efficiency ?
It's really helpful.
Thanks a bunch. You did help me out of my Solow exercises.
This is so helpful, thanks❤
Thanks a lot for this video.
Whats the overall effect on c*? its growth rate (g) increases, but the level of output per effective worker falls.
Does the growth rate of output per worker decreases and then grows again at the growth rate g in the new steady state (balance path)?
Awesome!
Mahalo
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