Hallo,
kann mir jemand bei folgender Aufgabenstellung weiterhelfen? Ich bekomme das irgendwie nicht hin
Vielen Dank
Assume that in the Solow model with technological change (labour augmenting
technology) the labour supply is elastic with respect to wages as follows:
l = n + λw; 0 < λ < +1
where l is the rate of growth of labour demand, n is the rate of growth of
population and w is constant. Draw the consequences for the solution of the
model starting from a standard labour augmenting production function and
holding all the standard conditions on the accumulation of capital.
HINT: Easy Answer: in the standard Solow model (Y = K(hoch alpha) (AL) (hoch1-alpha)
consider the denition of l instead of n.