TABLE 8-1
Steady-State Growth Rates in the Solow Model with Technological Progress
Variable
Symbol
Steady-State Growth Rate
Capital per effective worker
k
=
K
/(
E
×
L
)
0
Output per effective worker
y
=
Y
/(
E
×
L
) =
f
(
k
)
0
Output per worker
Y
/
L
=
y
×
E
g
Total output
Y
=
y
× (
E
×
L
)
n + g