New answers tagged economic-growth
1
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Lucas Model 1988, deriving the elasticity
I have made some partial progress towards the result, but there is still some discrepancy between what I am getting and the stated result. I've written out my thinking in case it might be helpful to ...
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1
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How does inflation impact long-term economic growth?
There is no conclusive answer (yet). Most papers find monetary neutrality, i.e. long-term growth is independent of monetary policy (for example [Bae/Ratti (2000)][1]). However, a prominent recent ...
- 549
4
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Accepted
Derivation in Robert Solow's "A Contribution to the Theory of Economic Growth"
To derive this equation you can use the integrating factor method. You have the first order ordinary differential equation
$$\frac{dr}{dt}+n_1r=\frac{s}{b}.$$
Integrating factor for this equation is $...
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