https://gdpark.blog/tags/solow-model/Recent content in Solow Model on gdpark.blogHugoenFri, 15 Jan 2016 00:00:00 +0000https://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-12-the-cobb-douglas-production-function/Fri, 15 Jan 2016 00:00:00 +0000https://gdpark.blog/posts/macroeconomics-12-the-cobb-douglas-production-function/We finally pin down that vague f(K/N) with the Cobb-Douglas production function and crank through the math to get a concrete steady-state output formula.