https://gdpark.blog/tags/economic-growth/Recent content in Economic Growth on gdpark.blogHugoenSat, 16 Jan 2016 00:00:00 +0000https://gdpark.blog/posts/macroeconomics-09-okun-s-law/Thu, 14 Jan 2016 00:00:00 +0000https://gdpark.blog/posts/macroeconomics-09-okun-s-law/We finally tackle Okun’s Law — the bridge between economic growth and unemployment that sets us up to fix the inflation gap in our AD-AS model.https://gdpark.blog/posts/macroeconomics-10-stylized-facts-of-economic-growth/Thu, 14 Jan 2016 00:00:00 +0000https://gdpark.blog/posts/macroeconomics-10-stylized-facts-of-economic-growth/We’re finally zooming out to the long run — why do some countries keep winning? Enter Solow’s aggregate production function Y = F(K, N), and the real fun begins.https://gdpark.blog/posts/macroeconomics-11-the-relationship-between-savings-rate-and-output/Fri, 15 Jan 2016 00:00:00 +0000https://gdpark.blog/posts/macroeconomics-11-the-relationship-between-savings-rate-and-output/We dig into how the savings rate connects to capital per person — and why that matters for output, with a quick detour through flow vs. stock.https://gdpark.blog/posts/macroeconomics-13-solow-residual-a-macroeconomic-approach-to-technological-pro/Sat, 16 Jan 2016 00:00:00 +0000https://gdpark.blog/posts/macroeconomics-13-solow-residual-a-macroeconomic-approach-to-technological-pro/We finally stop pinning labor productivity A at 1, bundle it with N into ’effective labor’ AN, and roll into the Solow residual framework for thinking about tech progress.