Proceed with the calculations of the stationary state of the Solow model, based on the data provided below:
Year |
k |
y=k^a |
c |
s=i |
d |
n |
d+n |
dK |
|
2017 |
|
|
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2018 |
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2019 |
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Assume: |
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k |
8 |
||||||||
a |
0.5 |
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c |
0.7 |
||||||||
s |
0.3 |
||||||||
d |
0.1 |
||||||||
n |
0.05 |
Year | k | y | c | s=i | d | n | d+n | dK |
2017 | 8 | 2.828427 | 1.979899 | 0.848528 | 0.1 | 0.05 | 0.15 | 0.8 |
2018 | 7.665265 | 2.768621 | 1.938035 | 0.830586 | 0.1 | 0.05 | 0.15 | 0.766526 |
2019 | 7.361262 | 2.713165 | 1.899215 | 0.813949 | 0.1 | 0.05 | 0.15 | 0.736126 |
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