equilibrium value

Set the rate of depreciation of human capital and the savings rate for human capital to the same values as those for physical capital. Does this change the rate of growth in equilibrium? Explain

Problem Set 2. Growth theory a. Go to canvas and retrieve the file “Growth theory work sheet.xlsx”, and make a copy of it (so you can go back to the original version if something gets messed up). b. Open the work sheet and find the column that contains the production function. Ignoring, for the moment […]

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