Question: Consider a basic SolowSwan model with constant labour force L and constant total factor productivity A . Suppose the saving rate is s=0.4 and the
Consider a basic Solow–Swan model with constant labour force Land constant total factor productivity A. Suppose the saving rate is s=0.4 and the depreciation rate is δ=0.1 . Suppose also that steady-state output per worker is 100. Steady state capital per worker is? Calculate.
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To calculate the steadystate capital per worker in the SolowSwan model we can use the formula k s A ... View full answer
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