I am working with the solow model capital accumulation equation: I need to solve for the steady state capital stock per capita (so that k(t)=k(t+1)) for a generic country i, but I have no idea how to approach the problem.
ground statethe condition of lowest energy of a nucleus, atom, or molecule. persistent vegetative statea condition of profound nonresponsiveness in the wakeful state caused by brain damage at whatever level and characterized by a nonfunctioning cerebral cortex, the absence of any discernible adaptive...
Neoclassical steady stateCorridor stabilityHopf bifurcationCombining the permanent income hypothesis with the capital accumulation equation, we construct a growth model which gives a modified version of the neoclassical growth model. The consumption at one time is determined by the expected permanent income...
If you know anything about Seth, then you know he’s a caffeinated firehose of valuable information. That’s why it only took a little more than three weeks of promotion to get 206 attendees from all around the state on a cold Thursday evening, some willing to drive a few hours to be...
Since the marginal product of capital is initially infinite, the “trivial” steady state becomes so unstable that the solution to the equation of motion involves the possibility of a take-off. When it happens, the take-off has no cause....
steady-state reactor Steady-State Series-System Availability Steady-State Smoluchowski Equation Steady-state theory Steady-state theory Steady-State Thermodynamics Steady-state Universe steady-state velocity steady-state vibration Steady-State Water Chemistry Model steady-state wave motion Steady-State/Transient...
Theoretically applies the non-stable state heat conductivity equation, changes theory knowledge and so on mechanics and equivalent mixture, inferred the crack point to change the region to change the stress the theoretical formula.The theoretical calculation indicated that,The crack point changed th ...
Although gas-lift is an established technology for improving the performances of oil production wells, the simplicity, robustness and accuracy of gas-lift
Since the marginal product of capital is initially infinite, the ?trivial? steady state becomes so unstable that the solution to the equation of motion involves the possibility of a take-off. When it happens, the take-off is spontaneous: there is no causality, not even randomness....
A unique characteristic is that this occurs although no unstable steady state exists. This is shown by studying a capital accumulation model in which the revenue function exhibits a kink. It can be expected that history dependence will occur in other models with non-differentiabilities as well....