Consider the continuous time version of the solow growth
Consider the continuous time version of the Solow growth model : Y (t) =K(t)α(A(t)L(t))1-α If capital share α increase, will the labor compensation as a fraction of output WL/Y must fall? Explain intuitively whether or not this must be the case.
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what is the deficiency of the solow model with technical progresshow does the endogenous growth model improves on the
consider the continuous time version of the solow growth model y t ktalphaatlt1-alpha if capital share alpha increase
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an american worker and a japanese worker can each produce 10 cars per month by contrast an american worker can produce
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