人民大学：《宏观经济学》（英文版） Lecture 6 Economic growth

The accumulation of Capital 3. The steady-state level of capital y=f(k)

The Accumulation of Capital 3. The steady-state level of capital y k y=f(k) i=sf(k) y c i

The accumulation of Capital Change in capital stock y y=f(k) sk =sf(k) k*k

The Accumulation of Capital ◼ Change in capital stock  = − k i k  y=f(k) y k i=sf(k)  k k*

The accumulation of capita Steady-state →△k=2一dk=O 今=人来 →Sf(k)=⑤k

The Accumulation of Capital ◼ Steady-state → → →  = − = k i k  0 i k * * = sf k k ( *) * = 