Lecture 2 The Solow Growth Model

• cours magistral

15 Lecture 2 The Solow Growth Model 2.0 Introduction The Solow growth model is developed for a Robinson Crusoe type economy. A representative household produces a single final good which is allocated between consumption and saving for future production. The dynamics of the model are examined and in particular,  the transition path and  the steady state. The golden rule of capital accumulation is solved for along with the dynamical path from technology shocks.

• technological progress that enters
• lim lim
• output per capita
• solow growth model
• technological progress
• physical capital
• representative household
• production function
• technology
• time