Define (absolute) convergence. Do we see evidence for this in the dat.pdf
What is the meaning of the term steady-state population level and h.pdf
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What is the meaning of the term "steady-state population level" and how does the Malthusian economy arrive at this steady state? In the Malthusian model, why does an increase in land, L, or total factor productivity, z, lead to a temporary increase in consumption per worker, but not to a permanent increase in consumption per worker? Are these results consistent with any of the economic growth facts? In the Malthusian model, why and how does population control lead to a permanent increase in consumption per worker? Since the Solow growth model does not include an explicit utility maximization problem, what assumption about savings behavior is made instead? In the Solow model, the law of motion for capital per worker implies the existence of a positive steadystate level of capital per worker, k. Why is this so and how does the model arrive at this steady state? How does steady-state capital per worker in the Solow model change in response to a change in s,n,d, or z? Are these effects consistent with some of the economic growth facts? In the Solow growth model, what is the most likely explanation for the on-going increases in standards of living seen in the industrialized countries over the past 150 -200 years? What is growth accounting and how is it used to find the rate of growth of total factor productivity?.
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What is the meaning of the term steady-state population level and h.pdf
- What is the meaning of the term "steady-state population level" and how does the Malthusian economy arrive at this steady state? In the Malthusian model, why does an increase in land, L, or total factor productivity, z, lead to a temporary increase in consumption per worker, but not to a permanent increase in consumption per worker? Are these results consistent with any of the economic growth facts? In the Malthusian model, why and how does population control lead to a permanent increase in consumption per worker? Since the Solow growth model does not include an explicit utility maximization problem, what assumption about savings behavior is made instead? In the Solow model, the law of motion for capital per worker implies the existence of a positive steadystate level of capital per worker, k. Why is this so and how does the model arrive at this steady state? How does steady-state capital per worker in the Solow model change in response to a change in s,n,d, or z? Are these effects consistent with some of the economic growth facts? In the Solow growth model, what is the most likely explanation for the on-going increases in standards of living seen in the industrialized countries over the past 150 -200 years? What is growth accounting and how is it used to find the rate of growth of total factor productivity?