Skip to content

Neoclassical Model Sustainable Growth Rate Formula

December 1, 2015

output per capita = σ/(1 – α)

σ = growth rate in total factor production

α = capital’s share of total factor cost

Advertisements

From → Economics

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: