TABLE 7-2 Approaching the Steady State: A Numerical Example
Assumptions: image s = 0.3; δ = 0.1; initial k = 4.0
Year k y c i δk Δk
1 4.000 2.000 1.400 0.600 0.400 0.200
2 4.200 2.049 1.435 0.615 0.420 0.195
3 4.395 2.096 1.467 0.629 0.440 0.189
4 4.584 2.141 1.499 0.642 0.458 0.184
5 4.768 2.184 1.529 0.655 0.477 0.178
.
.
.
10 5.602 2.367 1.657 0.710 0.560 0.150
.
.
.
25 7.321 2.706 1.894 0.812 0.732 0.080
.
.
.
100 8.962 2.994 2.096 0.898 0.896 0.002
.
.
.
∞ 9.000 3.000 2.100 0.900 0.900 0.000