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These models and simulations have been tagged “Solow Model”.
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
+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.
Solow growth model v1.0
Solow growth model