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About Tutorial 1
This document contains a tutorial on technological progress and economic growth models. It discusses: 1) Embodied technological progress where new capital incorporates current technology, showing it leads to balanced growth. 2) A production function with capital-augmenting technological progress, finding balanced growth rates of output and capital. 3) A Cobb-Douglas production function with labor, capital, land and exogenous growth, solving for steady state capital-output ratio and growth rates. 4) The Cass-Koopmans-Ramsey model with a balanced growth path where consumption and capital ratios are constant or follow a saddle path. 5) Introducing government spending to the Ramsey model, and the effects of a permanent spending
Detailed Information
| Author: | ['valerieflyying'] |
|---|---|
| Publication Year: | 2015 |
| Pages: | 2 |
| Language: | English |
| Format: | |
| Price: | FREE |
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