中級(jí)宏觀經(jīng)濟(jì)學(xué)上海財(cái)經(jīng)大學(xué)經(jīng)濟(jì)學(xué)院沈凌05growth-展示頁
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【正文】 r 5 11 LongRun Economic Growth ? The regular process of improvement in technology is called technological progress. ? exogenous technological progress the improvements in technology were not explained within the model. ??A/A= g Macroeconomics Chapter 5 12 LongRun Economic Growth ? Exogenous Technological Progress ? ?Y/Y= ?A/A+αMacroeconomics Chapter 5 1 Conditional Convergence and LongRun Economic Growth C h a p t e r 5 Macroeconomics Chapter 5 2 Conditional Convergence in Practice ? Growth rate of capital per worker, ?k/k: ? ?k/k= ?[ k(0) , k*] (?) (+) ? y= A f(k) ? Growth rate of real GDP per worker is a function of initial and steadystate real GDP per worker ? ? y/y= ?[ y(0) , y*] (?) (+) Macroeconomics Chapter 5 3 Conditional Convergence in Practice Macroeconomics Chapter 5 4 Conditional Convergence in Practice ? Variables that influence y* that are held constant. ? A measure of the saving rate ? The fertility rate ? Subjective measures of maintenance of the rule of law and democracy ? The size of government ? The extent of international openness, measured by the volume of exports and imports ? Changes in the terms of trade ? Measures of investment in education and health ? The average rate of inflation Macroeconomics Chapter 5 5 Conditional Convergence in Practice ? Japa
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