Question
Proceed with the calculations of the stationary state of the Solow model, based on the...
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 |
|
|
|||||||
|
2018 |
|||||||||
|
2019 |
|||||||||
|
Assume: |
|||||||||
|
k |
8 |
||||||||
|
a |
0.5 |
||||||||
|
c |
0.7 |
||||||||
|
s |
0.3 |
||||||||
|
d |
0.1 |
||||||||
|
n |
0.05 |
Homework Answers
Answer #1
| 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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