中級(jí)宏觀(guān)經(jīng)濟(jì)學(xué)上海財(cái)經(jīng)大學(xué)經(jīng)濟(jì)學(xué)院沈凌05growth-文庫(kù)吧資料
2024-08-05 03:43本頁(yè)面
【正文】 Endogenous Growth Theory The determinants of the allocation of resources to Ramp。[(y/k)*?δ] = n+g/(1?α) ? (y/k)*= δ+(1/s)(y/k) ? sδ ? n ? (?k/k)* = g/(1 ? α) ? g/(1?α) = s(?y/y)* = g ? (1?α)(?k/k)* ? (?y/y)* = g+ α[ sA(?k/k) Macroeconomics Chapter 5 14 LongRun Economic Growth ? Exogenous Technological Progress ??k/k in the Solow model ? ?k/k= sAn ? n ? = g+α n ? ?y/y= ?Y/Y? ?L/L = ?Y/Y? n Macroeconomics Chapter 5 13 LongRun Economic Growth ? Exogenous Technological Progress ? ?y/y= g+α(?L/ L) ?Using ?A/A= g and and ?L/L = n ? ?Y/Y= g+ α (y/k) ? sδ ? n Macroeconomics Chapter 5 7 LongRun Economic Growth ? A case in which capital broadly defined to include human and infrastructure capital is the only factor input to production. ? AK model ? y= Ak Macroeconomics Chapter 5 8 LongRun Economic Growth ? k – capital per worker ? y/k= A ??k/k= sA? sδ ? n Macroeconomics Chapter 5 9 LongRun Economic Growth Macroeconomics Chapter 5 10 LongRun Economic Growth ? Conclusions ? The longrun growth rate of capital per worker, ?k/k, is greater than zero and equal to sA? sδ ? n ? Growth rates of capital and real GDP per worker, ?k/k and ?y/y, do not change as capital and real GDP per worker, k and y, rise. ? poor economies with low k and y do not tend to grow faster than rich economies Macroeconomics Chapte
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