solow_steady_state {Recon}

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()