Textbook Notes (368,125)
United States (205,946)
Economics (307)
ECON 1901 (44)
Chapter 8

Chapter8Outline.doc

3 Pages
85 Views
Unlock Document

Department
Economics
Course
ECON 1901
Professor
Nathan Blascak
Semester
Spring

Description
Growth Capita Accumulation and the Economics of Ideas Catching Up vs the Cutting EdgeIThe Solow Model and CatchUp GrowthACapital Production and Diminishing Returns1YFA K eL2Increase in capital K produces less output Y3Output increases with more capital at a decreasing rate4marginal product of capital increase in output when capital increases5Capital is provided in order of productivity6Countries that are catching up have higher growth ratesBCapital Growth Equals Investment Minus Depr
More Less

Related notes for ECON 1901

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit