-0.02-0.010.000.010.020.030.040.00.51.01.52.02.53.0
Growth rates\text{Growth rates}
AX/L\text{AX/L}
(AX/L)ss(AX/L)_{ss}
Initial AX/L\text{Initial } AX/L
gLg_L
PARAMETERS
Adjust parameter(s) to see effect on growth rate of population. You can adjust multiple parameters. Reload the page to reset.
ν=\nu =
c(bar)=c(bar) =
gA=g_A =
β=\beta =
INITIAL CONDITIONS
You can adjust the initial AX/L ratio here. Note how it affects the initial living standards and how it influences (or does not) the steady state outcomes.
L=L =
A=A =
X=X =
CALCULATIONS
Given the initial conditions and parameters we can calculate these...
Initial gy=β(gA−gL)=0.0045\text{Initial } g_y = \beta (g_A - g_L) = 0.0045
Steady state gy=0\text{Steady state } g_y = 0
Initial gL=ν(AXL)β−νc‾=0.0050\text{Initial } g_L = \nu \left(\frac{AX}{L}\right)^{\beta} - \nu \overline{c} = 0.0050
Steady state gL=0.0200\text{Steady state } g_L = 0.0200
Initial y=(AXL)β=1.0000\text{Initial } y = \left(\frac{AX}{L}\right)^{\beta} = 1.0000
Steady state y=gAν−c‾=1.1500\text{Steady state } y = \frac{g_A}{\nu} - \overline{c} = 1.1500