1 / 32

Capital Accumulation and Economic Growth

chick
Download Presentation

Capital Accumulation and Economic Growth

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. Capital Accumulation and Economic Growth Chapter 5

    2. Productivity of Capital Korea has shown the strongest labor productivity growth over the last 50 years. But capital productivity has fallen very quickly.

    3. Korean Labor Productivity

    4. Korean Capital Productivity

    5. Students should be able to: Explain why some countries have caught up with world leaders and others remain much poorer. Explain the negative relationship between capital productivity and labor productivity in high growth economies. Solve for the steady state capital stock under Cobb-Douglas.

    6. Capital Structure in Hong Kong in 1992 Capital consists of structures and equipment.

    7. Capital and Output in East Asia Countries with large output per worker also tend to have relatively large output per worker.

    8. Diminishing Marginal Returns

More Related