Skip to content

Steady State Rate of Growth (formula)

March 25, 2017

g = ∆Y/Y = ϑ/(1-α) + n

ϑ = growth rate of total factor production

(1-α) = labor cost in total factor cost

n = labor force growth rate

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: