The so-called golden rule, or golden rule of capital accumulation, is a proposition about the consequences for national consumption – more broadly, for national welfare possibilities – of alternative paths of national wealth, and hence of national saving, in a closed economy. It developed out ...
TheGoldenRuleofCapitalAccumulationin theSolowModel DanielVernazza 1 d.r.vernazza@lse.ac.uk IntheSolowmodelthesteady-state(S.S.)levelofconsumptionpere¤ective workerisgivenby~c =(1s)f( ~ k ),wheresistheconstantsavingsrateand ~ k iscapitalpere¤ectiveworker.RecallthatinS.S.sf( ~ k )=(+ ...
The so-called golden rule, or golden rule of capital accumulation, is a proposition about the consequences for national consumption – more broadly, for national welfare possibilities – of alternative paths of national wealth, and hence of national saving, in a closed economy. It developed out ...
The so-called golden rule (of capital accumulation) is a proposition about the consequences for national welfare possibilities of alternative paths of national wealth, and hence of national saving, in a closed economy. It states that the steady-growth state that gives the maximum path of consumpti...
Accumulated capitalDepreciation rateGolden ruleGenetic algorithmMetaheuristicSolow modelThe current study deals with maximizing consumption per worker in connection with the economic growth of society. The traditional Solow model based approach is well-studied and computationally complex. The present work ...
The so-called golden rule, or golden rule of capital accumulation, is a proposition about the consequences for national consumption — more broadly, for national welfare possibilities — of alternative paths of national wealth, and hence of national savi
The so-called golden rule, or golden rule of capital accumulation, is a proposition about the consequences for national consumption – more broadly, for national welfare possibilities – of alternative paths of national wealth, and hence of national saving, in a closed economy. It developed out ...
Golden Rule Abstract The so-called golden rule (of capital accumulation) is a proposition about the consequences for national welfare possibilities of alternative paths of national wealth, and hence of national saving, in a closed economy. It states that the steady-growth state that gives the ...