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2 questions
2
votes
2
answers
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The Solow growth model
I wonder why at the beginning $sf(k(t))$ is steeper than $\delta k(t)$, but at some point, it starts to become flatter than $\delta k(t)$?
- 131
5
votes
1
answer
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Solow Model with DRS and Human Capital
This is a self study question. I am novice at this and have only basic knowledge of solving such problems.
\begin{align}
Y &= AK^\alpha H^\beta \\
\dot{K} &= s_KY - \delta K \\
\dot{H} &= ...
- 1,817