solow_steady_state {Recon} | R Documentation |
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
Author(s)
Pedro Cavalcante Oliveira, Department of Economics, Fluminense Federal University
Examples
solow_steady_state()
[Package Recon version 0.3.0.0 Index]