Project #13644 - Solow Model

1) derive step by step the steady-state level for capital and output per worker for each one of the models below: solow model / solow model with population growth / solow model with human capital. use your results to get an expression for the ratio of income per worker between countries i and j for each one of these models.

 

 

2) summarize in words the predictions and limitations of the theoretical framework developed for the first exam. that is the predictions for effect of capital accumulation, population growth and human capital when explaining income differences across countries as well as differences in growth rates.

Subject Business
Due By (Pacific Time) 09/30/2013 12:00 am
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