Stub Speculative Incomplete outline or placeholder
[Define the concept clearly and concisely]
Here’s my explanation of the model…
Solow-Swan Growth Model
Capital deepening towards steady state equilibrium
Model Parameters
Steady State Capital per Worker (k*): 8.00
Capital Accumulation Over Time
Solow Diagram: Investment vs Break-even
Key Insights
- Steady State: When investment per worker (sf(k)) equals break-even investment ((δ+n)k), capital per worker stops growing
- Capital Deepening: Below k*, investment exceeds depreciation and population growth, so capital per worker increases
- Convergence: The economy naturally moves toward k* regardless of starting position
- Growth Stops: At steady state, capital per worker is constant (but total capital still grows with population)
- [First key insight]
- [Second key insight]
See also: Bayesian updating
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