User:Issa Rice: Difference between revisions
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| 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
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| 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 |