Economics > LECTURE NOTES > Economic Growth II: Savings and Investment (All)
Economic Growth II: Savings and Investment
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Savings: resources withheld from current income/consumption. Used to acquire new output-generating capital National income identity: Y = C + I + G Y = C + S + T S + (T – G) = I Two proble... ms with the Solow-Swan model Steady state? Importance of k? Endogenous growth model Endogenise Solow residual Human capital, knowledge [Show More]
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