What is the steady state in the Solow growth model? How is it reached from some other

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What is the “steady state” in the Solow growth model? How is it reached from some other initial situation in which the conditions required for the steady state are not satisfied?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:19 AM

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What is the steady state in the Solow growth model? How is it reached from some other

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In the steady state output capital input and labor input grow at identical rates so that capital per ...View the full answer

Macroeconomics

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