Chapter 8. Economic Growth, I Link to syllabussyllabus.
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Transcript of Chapter 8. Economic Growth, I Link to syllabussyllabus.
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Chapter 8. Economic Growth, I
Link to syllabus
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Table 8-1, p. 207.
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Fig. 8-1, p. 208. The Production Function
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Fig. 8-2, p. 209. Output, Consumption and Investment
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Robert Solow
Born 1924, in Brooklyn N.Y.
Harvard B.A. and Ph.D.Taught at MITWinner John Bates Clark award, 1961Nobel Prize 1987
Most renowned for his work on economic growth, and linear programming.He also served on the Fed, the CEA. Was in the army in WWII.
"Everything reminds Milton Friedman of the money supply. Everything reminds me of sex, but I try to keep it out of my papers."
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Fig. 8-3, p. 210. Depreciation.
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Fig. 8-4, p. 211. Investment, Depreciation and the Steady State.
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Table 8-2, page 213.
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Fig.8-5, p. 214 An Increase in the Savings Rate
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Fig. 8-6 p. 216. International Evidence
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Fig.8-7, p. 218. Steady State Consumption
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Fig. 8-8, p. 220. The Saving Rate and the Golden Rule
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Table 8-3. P. 221
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Fig. 8-9, p. 223. Reducing Saving when Starting with More Capital than the Gold Rule Allows.
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Fig. 8-10, p. 224. Increasing Saving when Starting with Less Capital than the Gold Rule Allows.
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Fig. 8-11, p. 226. Population Growth in the Solow Model
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Fig.8-12, p. 227. The Impact of Population Growth.
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Fig. 8-13, p. 228. Evidence on the Impact of Population Growth and Income/Person