User:Issa Rice: Difference between revisions
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! Production function name !! Models that use this production function | |||
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| Cobb–Douglas || Solow–Swan | |||
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| Leontief || | |||
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Revision as of 01:17, 15 September 2017
test >:(
Model name | Endogenous variables | Exogenous variables | Constants |
---|---|---|---|
Harrod–Domar | |||
Solow–Swan | |||
AK | |||
Leontief input–output? | |||
Feldman–Mahalanobis | |||
Becker–Barro |
Production function name | Models that use this production function |
---|---|
Cobb–Douglas | Solow–Swan |
Leontief |
Probably for each model, a table like this:
Name | Variable | Unit | Rival input? | Endogenous? | Notes |
---|---|---|---|---|---|
Output | Y | – | Yes | ||
Physical capital (capital stock) | K | Yes | In Solow–Swan | Physical capital includes things like machines, computers, buildings, etc. | |
Labor | L | Yes | Exogenous in Solow–Swan | ||
Technology (knowledge) | A, T | No | Not in Solow–Swan | ||
Consumption | C | ||||
Investment | I | ||||
Amount saved | S | ||||
Growth of X | |||||
Population growth | |||||
Depreciation (rate?) | δ, d, D | ||||
Capital per worker | k = K/L | In Solow–Swan | |||
Fraction saved | s | ||||
Output per worker | y = Y/L | Yes | |||
Time | t | ||||
Production function | F | ||||
α |