July 13 PDF

You might also like

Download as pdf or txt
Download as pdf or txt
You are on page 1of 7

"

tech ma¥n
"
is
exogenous
#
@I Kd ( AGL )' d

-

I e FCK ,
=
-

to Labor
augmenting

oho¥=¥ii÷
-

niet '
g. =

ga AIL 9 acts
=
-

O
'
a¥¥¥¥ : I
III.
-
-

÷
kik = En
syn - Countg)

TE
I
E E
Ei =

u s
-

lstneo@dd.L I
Tq
@ Ss E =
o
%Ti¥ "
=
canes ,

Fit
'- a
=
I
' Sthty I

( ¥n¥Fa TEETH
s > A 't
T

:i÷:
=

⇐÷÷¥E÷;¥¥:÷¥÷÷ k
l
l

't
k**
l

i ka -

k
i
-

Ijm
* of gy =
=
8=0.033

logy

if .
.
-
"

÷9
'÷o . :*
o
-1L gy79① -
g
.

¥:#
÷
LE .

.
It
"

fr
ft

a :S :÷÷÷:gw'stemporary
i. e .
ho LR
growth effect
"

9A level effect
"

• can have

permanent policy change permanently edgy.se, y


can
as
,
④ Why are some countries so rich
? 2 some so
poor ?


'

.
.

Rich invest more e have lower n

( AP ) allow k
country to accumulate more

so P productivity of labor

9 @= P

② Why do economies exhibit sustained growth in Solar model


?
'

.
'

Tech progress ( w to tech


progress , Gy Woll
eventually cease
as diminishing returns to capital set on )

⑧ How does Solar model account for dit m Gy across countries


?
° transition dynamics [ why Japan & Germany which had then k
wiped out by WWI , have grows h re rapidly than US for
)
.

to
' Hk yrs
gyct

\
go.ua#mviYtsGP
.

450
singapore be
on
.

3 -
FR
• should East As ran far above
Uk

:: ::&:3:*
"
.

. ...
i - %
( 7966 1990 )
groups
-

of capital
Gal t ) store
07 TEP
-

&
9 edu


Gy I

=
29k
29k
t

+ ⑧
Cl -
L) 9L t
9A
µ high Growth of E. Asia
from factor accumulate
mainly
ISOKwmoaelwrthttumancapit.LVindividual
-
CAS Clair 81
spends time
:

' d
accumulating
-

I = Kd CAH
⑥y
swilled t
la #augmented tech , grows @ g
frack of time
spent learning
shakes

ex@→

cexoge
H = L -

② constant )

( U -
- O to H =L ,
ht labor is unskilled )

In It = In elf " t In L

'

# ftp.oghzt.ogtu
4 find =
y
-
¥ 8¥ x
-
-

4=0
¥u=④Tf③
'
Es .
.

9 u n unit PH by lot
Of
Labor Econ : additional yr of
schooling P w a lot .

[ Minceriau foundation ]
ki = SKI - ok -

'"

(Eff
k4
'"

I ¥
Ah )

¥iF⑤=¥:#
'

- Y =

"
e -
- ra -
5- Ed ⑥
fi n d
-

:u" I:&
-

ti -
skis cousin -
-

⑦ .

ki dug
kikJ
Css
-
-
O = Cotuit g)
,

=s plus in ⑥
(others

5=1 ?÷g5Y
"

y
's
. C:

¥ Ea
't

g. is
5 -
-

(
Ah
*
yr
*
et ) = h Act )
.

|y*eti=(Ig)④A V

'
Countries are Nou
'

i i ) have hrgh inv rate in k ( Ar )

is't have low n

Iii
.
) spend
accu
large fraction
Shiites he
ofytiu.ve
e

have high level of tech Act I


'

IV
④ How well this model perform empirically ?
⑦ Useful to analyze
'
inter -
s of relative incomes

At
§y* -
g
*
't

=
( oF )# h -
A
Eines
-

ya
-
x#

( off) h
us
-
A

F =

(II a
ha I -

④ Iowa scam ⑤ as A- '
(1h I
-
SGP


"
Ferret
qyqlan.ywaisn.fr
from
" "
"
"
,
,

'
-
-

< I

t# ya
,

I actual clog scan )


• -05 . 2 A

dif
③ →
in
y
can be broken down into
richest 32 time of
y than the poorest
Pk
dif
2%715
25J Jt
in
?
.
.

of an
-
u 3
no a-

yr gas

difference
Solar model
in

cannot
-
edu attainment still small

Us understand Nch / per


help why some
- .

Why some countries attain higher A 7


I
±'
I '¥¥oaI"¥!al
as "

f#plzY
6 -

SGP
5. Kam ooo
Hu #
:S
"
Fam III.II. Initio:
"

• Boo
2 tend to
-

faster
grow
ZMB
-

-
o ooo

→ Deviation of §
44 L
from SS M 1960

⑦ ki = s. tofu es , clog )

£ E E
"
a sick -
canes , -

"

get as I 9
'
i diminish

t anti:{
"

Principle of transition dynamics


"
.

¥:c: ÷'s:S:
i Glower ) -

"

q¥F⑧
0.98

You might also like