Basic Productivity Model

\text{Growth rate of productivity}

\text{Old BGP}

\text{New BGP}

\text{Actual}

\text{Log productivity level}

\text{Time}

\text{Old BGP}

\text{New BGP}

\text{Actual}

PARAMETERS

Adjust parameter(s) to see effect on growth rate and level of GDP per capita. You can adjust multiple parameters. Reload the page to reset.

$g_L =$
$\lambda =$
$\phi =$
$\theta =$
$s_R =$

INITIAL CONDITIONS

Adjust initial conditions to see effect on growth rate and level of GDP per capita. Note how these differ from adjusting parameters. Reload the page to reset.

$L_0 =$
$A_0 =$

TIME FRAME

It can be useful to see dynamics over shorter or longer time frames.

t =