Description Usage Arguments Value Author(s) Examples
View source: R/growth_models_steady_states.R
This function computes steady state income and capital per worker given relevant parameters according to Solow-Swan Model.
1 2 | solow_steady_state(n = 0.01, g = 0.01, alpha = 0.5, s = 0.01,
delta = 0.01)
|
n |
is population growth rate. Defaults to .01. |
g |
is the technological growth rate. Defaults to .01. |
alpha |
is capital-output elasticity. Defaults to .5. |
s |
is the savings rate. Defaults to .01. |
delta |
is the capital stock's depreciation rate. Defaults to .01. |
List with steady state capital and income per capita
Pedro Cavalcante Oliveira, Department of Economics, Fluminense Federal University
1 |
Add the following code to your website.
For more information on customizing the embed code, read Embedding Snippets.