TABLE 7-3 Finding the Golden Rule Steady State: A Numerical Example
Assumptions: image δ = 0.1
s k* y* δk* c* MPK MPK − δ
0.0 0.0 0.0 0.0 0.0 • •
0.1 1.0 1.0 0.1 0.9 0.500 0.400
0.2 4.0 2.0 0.4 1.6 0.250 0.150
0.3 9.0 3.0 0.9 2.1 0.167 0.067
0.4 16.0 4.0 1.6 2.4 0.125 0.025
0.5 25.0 5.0 2.5 2.5 0.100 0.000
0.6 36.0 6.0 3.6 2.4 0.083 −0.017
0.7 49.0 7.0 4.9 2.1 0.071 −0.029
0.8 64.0 8.0 6.4 1.6 0.062 −0.038
0.9 81.0 9.0 8.1 0.9 0.056 −0.044
1.0 100.0 10.0 10.0 0.0 0.050 −0.050