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Economic Growth

Economic Growth

Economic Growth. Junhui Qian. Content. Overview Solow Model I ( a ccumulation of capital and population growth ) Solow Model II (considering technological progress) Endogenous growth models Economic growth accounting. The Importance of Economic Growth.

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941 views • 45 slides
Technological Progress and Growth

Technological Progress and Growth

Technological Progress and Growth. Technological Progress and the Rate of Growth. Technological progress has many dimensions. It may mean: Larger quantities of output Better products New products A larger variety of products

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1k views • 20 slides
Technological Progress and Growth

Technological Progress and Growth

xY = F(xK,xAN) Y/AN = f(K/AN). Technological Progress and Growth. Technological Progress and the Production Function. AN = Effective Labor. Assuming:. Constant returns to scale Given state of technology 2 Y = F(2K,2AN). f(K/AN). Output per effective worker, Y/AN.

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398 views • 20 slides
Technological Progress and Growth

Technological Progress and Growth

xY = F(xK,xAN) Y/AN = f(K/AN). Technological Progress and Growth. Technological Progress and the Production Function. AN = Effective Labor. Assuming:. Constant returns to scale Given state of technology 2 Y = F(2K,2AN). f(K/AN). Output per effective worker, Y/AN.

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393 views • 20 slides
Technological Progress and the Production Function

Technological Progress and the Production Function

xY = F(xK,xAN) Y/AN = f(K/AN). Technological Progress and the Production Function. AN = Effective Labor = Labor in Efficiency Units Assuming:. Constant returns to scale Given state of technology 2 Y = F(2K,2AN). f(K/AN). Output per effective worker, Y/AN.

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256 views • 14 slides
Technological Progress and the Production Function

Technological Progress and the Production Function

xY = F(xK,xAN) Y/AN = f(K/AN). Technological Progress and the Production Function. AN = Effective Labor = Labor in Efficiency Units Assuming:. Constant returns to scale Given state of technology 2 Y = F(2K,2AN). f(K/AN). Output per effective worker, Y/AN.

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253 views • 14 slides
The Solow Growth Model (Part Three)

The Solow Growth Model (Part Three)

The Solow Growth Model (Part Three). The augmented model that includes population growth and technological progress. Model Background.

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661 views • 11 slides
The Solow Growth Model (Part Three)

The Solow Growth Model (Part Three)

The Solow Growth Model (Part Three). The augmented model that includes population growth and technological progress. Model Background.

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138 views • 11 slides
Economic Growth with Technological Progress

Economic Growth with Technological Progress

Economic Growth with Technological Progress. Introduction. The Solow growth model as developed in Chapter 8 showed how changes in the capital stock and population growth affect the long-run level of output of the economy.

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383 views • 10 slides

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