Thank you for watching the video! You can find more material here: - The Solow model with technological progress: ruclips.net/video/sP_eQoPMAKg/видео.html - Intermediate Macroeconomics: ruclips.net/p/PLHCd4G3qW92luj-FDhyVQgyrXjIuj_N0N - Advanced Macroeconomics: ruclips.net/p/PLHCd4G3qW92kRLjoJN32TNz5QyhftE83j
K dot t is usually interpreted (technically) as (1/K)(dK/dt). This might cause slight confusion. Would it rather be simple if we say net investment as delK=K(t+1)-K(t) or just dK/dt?
Net investment in discrete time is delta K = K(t+1)-K(t). Net investment in continuous time is K dot= dK/dt. The growth rate of K is given by (1/K)(dK/dt), which is the same as K dot/K.
Thank you for watching the video! You can find more material here:
- The Solow model with technological progress: ruclips.net/video/sP_eQoPMAKg/видео.html
- Intermediate Macroeconomics: ruclips.net/p/PLHCd4G3qW92luj-FDhyVQgyrXjIuj_N0N
- Advanced Macroeconomics: ruclips.net/p/PLHCd4G3qW92kRLjoJN32TNz5QyhftE83j
Hello Sir, know that even as the years goes by, your videos are still making great impact all over the world.
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I have my macro exam tomorrow and the only regret I have is I didn't find you earlier
Thank you very much and good luck for the exam!
Incredible video. Thank you Klaus.
Thank you!
K dot t is usually interpreted (technically) as (1/K)(dK/dt). This might cause slight confusion. Would it rather be simple if we say net investment as delK=K(t+1)-K(t) or just dK/dt?
Net investment in discrete time is delta K = K(t+1)-K(t). Net investment in continuous time is K dot= dK/dt. The growth rate of K is given by (1/K)(dK/dt), which is the same as K dot/K.
@@KlausPrettner My bad. Your notations are all perfect. Fabulous presentation. 🙏
@@parikshitde3147 Thank you! I am glad I was able to clarify.
thanks