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Tagged with solow microeconomics
4 questions
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Labour saving technological change VS Capital saving technological change
I have been learning about technological change in relation with production functions(cobb Douglas) and isoquants and I'm very confused as the explanations can be somewhat vague and not clear enough.
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1
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1
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Solow Model in disrectly and continuously
what is the differences between solow model in disrectly time and continuously time?
Why in disrectly time function use the equation: k(t+1)=(1-δ)k(t) + sf(k(t)) and in continuously time function use: ...
- 131
2
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Solow Model - speed of convergence
This is a question also for those with a good expertise in micro. For micro guys who wanna go streight to the question, just jump to equation $(1)$
I'm studying the Solow growth model.
Let's write the ...
- 277
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Sustainable growth in the long run [closed]
Suppose that, in addition to physical capital and labour, an economy requires a fixed factor and a non-renewable resource to produce the final good. Prove that an economy with these input requirements ...
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