A Reduction in the Capital Stock - War! - Solow Model Application Part 1 of 4

Описание к видео A Reduction in the Capital Stock - War! - Solow Model Application Part 1 of 4

We investigate the effect of the destruction of capital on the Solow model. We start off with the Solow Diagram and discuss the transition dynamics to expect. And then turn to time-series graphs to see how the model evolves through time.

We analyze the effect on Total Output and Capital, on per-worker-capital, output, investment and consumption.

And we discuss the forces that lead to convergence back to the steady state levels of per-capita-capital and per-capita-output.

More Videos on the Solow Model: https://sites.google.com/site/economi...

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