User:Issa Rice: Difference between revisions

From Devec
No edit summary
No edit summary
Line 8: Line 8:
| Physical capital (capital stock) || ''K'' || || Yes || In Solow–Swan || Physical capital includes things like machines, computers, buildings, etc.
| Physical capital (capital stock) || ''K'' || || Yes || In Solow–Swan || Physical capital includes things like machines, computers, buildings, etc.
|-
|-
| Labor || ''L'' || || Yes
| Labor || ''L'' || || Yes || Exogenous in Solow–Swan ||
|-
|-
| Technology (knowledge) || ''A'', ''T'' || || No || Not in Solow–Swan ||
| Technology (knowledge) || ''A'', ''T'' || || No || Not in Solow–Swan ||

Revision as of 01:04, 15 September 2017

test >:(

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 gX=X˙/X=XtX
Population growth n=L˙/L
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