solow_steady_state function

Solow Growth Model Steady State

This function computes steady state income and capital per worker given relevant parameters according to Solow-Swan Model.

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.

Returns

List with steady state capital and income per capita

Examples

solow_steady_state()

Author(s)

Pedro Cavalcante Oliveira, Department of Economics, Fluminense Federal University