Solow growth model v1.0

Implementation of the Solow model of economic growth with labor enhancing technology.

parameters: s, alpha, delta, n, gA

variables: Y. K, L, C, A

per capita variables: y, k, c, a

per capita and technology variables: y~, k~, c~

steady state variables: y~*, k~*, c~*

all variables come with relative growth rates g

Features:

+steady state from beginning

+one time labor shock

+permanent savings quote shock

+permanent technological growth rate shock

Decreasing steady state variables when starting in steady state are numeric artifacts.

parameters: s, alpha, delta, n, gA

variables: Y. K, L, C, A

per capita variables: y, k, c, a

per capita and technology variables: y~, k~, c~

steady state variables: y~*, k~*, c~*

all variables come with relative growth rates g

Features:

+steady state from beginning

+one time labor shock

+permanent savings quote shock

+permanent technological growth rate shock

Decreasing steady state variables when starting in steady state are numeric artifacts.

Loading Insight Maker...
(This may take a few moments)