Figure: Determination of the steady-state capital-labor ratio in the Solow model without population growth and technological change. Daron Acemoglu (MIT).Write consumption per worker as a function of the capital stock in steady-state. First, consider the consumers in the economy. We'll add some dynamics here, as we analyze the economy in terms of the current and future periods. The Solow Model implies that countries with small initial capital stocks should grow rapidly. Capital share equals α, labor share equals 1−α in the model (always, not only along BGP). 5.

Capital Stock In Solow Model In Salt Lake

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