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Level II Concept: Theories of economic growth
financial growth
ดูวิธีการทำเงินออนไลน์ล่าสุดทั้งหมด: ดูเพิ่มเติมที่นี่
ดูวิธีการทำเงินออนไลน์ล่าสุดทั้งหมด: ดูเพิ่มเติมที่นี่
It's a little confusing, we defined α as the share of GDP paid out to capital in earlier readings (or the corresponding increase in GDP growth wrt an increase in one % of Capital , now going by the steady state growth rate formula, if suppose we allot most of our GDP to capital, does that lead to an infinite growth rate? Apart from being illogical, isn't it also contradictory?
Secondly, the reading says that "countries with higher saving rates will have a higher level of per capita output" but isn't savings rate in the denominator of the formula and thus inversely proportional?
Thank you for this clear explanation, sir. To be honest, I was a bit reluctant to stay on this video at first because of your accent…(sorry, it often makes the lectures hard to understand and unbearable) BUT from the very first minutes you were incredibly straight forward to the point and very clear!!
good summary, thanks.
Thank you
the reason I watched this video was because non of the variables were defined in my other curriculum. You failed to define most of the letters.