巴罗宏观经济学：现代观点第4章.pptVIP

Macroeconomics Chapter 4 Key EquationsSolow Growth Model ?k/k= s· (y/k) ? sδ ? n k is capital per worker y is real gross domestic product (real GDP) per worker y/k is the average product of capital s is the saving rate δ is the depreciation rate n is the population growth rate. Solow Growth ModelSteady State s·(y*/k*)=sδ+n We assumed that everything on the right-hand side was constant except for y/k. In the transition to the steady state, the rise in k led to a fall in y/k and, hence, to a fall in ?k/k. In the steady state, k was constant and, therefore, y/k was constant. Hence