Recon (version 0.3.0.0)

solow_steady_state: Solow Growth Model Steady State

Description

This function computes steady state income and capital per worker given relevant parameters according to Solow-Swan Model.

Usage

solow_steady_state(n = 0.01, g = 0.01, alpha = 0.5, s = 0.01,
  delta = 0.01)

Arguments

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.

Value

List with steady state capital and income per capita

Examples

# NOT RUN {
solow_steady_state()


# }