ec - Kand Technical Piegsess

Ref: Ray,DE- CA 3
CThs lco Guo th)

attamht to knew the eat Conlira" hig

Intho & txendn busth

0y n t
he suganad qoth in the last cenliay
ehemod the kold n In the 19hc aoth cntui,
only a handal f contai, mostly in weatesn Euoe
s Woth Ano'eaeld manage the take-ofl nto
Auslaiad quth" (Rolow
met of utat Com monly
net me the pod
Ahen eoto ni alem endd

Aanty calchg eh to do dli, then,

the no- doye contis e
the
sloy is Csmhllaly dilend the dev eoneis not
mlt
hat l rooedsd hiuthayto dialeahonee The dav
The
ned
by the ertia oidinay of inlo in the costd
th

Eato nendal gtoth atxates

But they
cannet mat ch the harallel guth o hunan
ahisatans
Theosus of Eeo Guoth -
The Harzo d - Do mal CH-D)
Model
Acc- to M-D model, eco aoth is
the desuet
aatenion on let cn.

Com m

AlelencA and Kgda hacd fax the hummanane

huupede of

make aal aiesle

 This he act Knyt
hanmled omasew to nndosa ha baks, indiy
loans
Hhat aues the skill embodd in

Kuman R Houwse, thi inyt in human k is not

noAllyyicluded n the data fox dans ings e in.
Snyt thus oiaates a mkt dd lx Kgde these
4ds add Za the stock of K n the lcomsmy andos
t, n the kute, th am ealn
oA e t
avaibß
the sed be no ehansion This

Inlicit in the shole anayis is he idaa o

blanae,tich achaid hen the
mado eco
Linyt dd s t a lensel that cocally csta balanas

fims

ROnl,dasaqa, ind,

HHA
 Tn thi model eoo guoth is tve when ny ecoeada t..
nüeesany Aobloee dei aiated k,theely
allasng Hho
Aele he yal
c yele to eeon a

dleteminant of tha goth xate of n cens my

H-D modal
In Mathe mat'aQ
al nota's

-o, 4,9, 3
y = otal ox n come
)

So
yt) = ct)t 8Ct)
Ao, Yalw of ed °/ ml se madched o gds
nmesloy
So
9Ct) c(t) + I(t)

I)
he o, KE nalal Kao ok

So
Inyt augmen the K k Aehlaoes the pat that

tme

0- ) KCt) +I t)

oastngs te - d Saatng, divided By

by income
So
s=Slt) &t) 9Ct)
yt)

amt
wnit pladue a

y(t)
)Kt) = 9t)
N

KCtHD) (-8) klt)+ It)

 Re- iten

y(tt)
yCt)

y(4+)
9Ct) I-8+A
yCt)

Oneall th ate of the

)

oth at of tho Coo o oo qunda ment al

the K-/ ato, Ths ace

ald be acce lost ed
) Plt) Plt)
)eylt) Plt+)
PCt)
Plt) P(t)
9)
Pt) kyeut thau Dviding
plt) y
y') Poy =
Plt)
elat':
this
the
ws. Onion
Cenalpanniyn
Ondia
Boviet exAtohile &
Rem
he
Kale the ing 9
 Pt)

yltt)pltt)
yt) Plt)

det
goth

ylt)
-1

9t+1)
y04)

et n=

n= Pltt) - p()
Plt)

PCt)
1+n
 (3) (4) (2)

(lt q)+n) Cl-8)4A

Tsking Ahezánai"

both . mall ns
n

gnoed
Hence

s, the indamundel
mazateD featues ndeng guthae

Rate at uhich kdeheciates C8)

Aag
 minshung

theae
uhun quin goth obyecsknies
bohnatogonl oond"athe
cond's got cld obtanpoliy

the andsgunat
the H-D madee

Do