高级宏观学教学资料ch3.ppt
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1、11/13/20231Chapter 3ENDOGENOUS GROWTH11/13/20232SOME BASIC INFORMATION(1)If r=f(k),and k is modest,then capital accumulation cannot account for a large part of either long-run or cross-country income differences.(2)The effectiveness of labor(A)is the only determinant of income,whose behavior is take
2、n as exogenous.(3)The effectiveness of labor(A)is explicitly interpreted as knowledge,and knowledge accumulation is endogenous.(4)Knowledge accumulation is probably central to worldwide growth.(5)Much of the variation in income across countries comes from differences in output for given amounts of p
3、hysical and human capital.11/13/202333.1 Framework and Assumptions3.1 Framework and AssumptionsAssumptions(1)The effectiveness of labor(A)represents knowledge or technology,there are two sectors,an R&D sector;a goods-producing sector.(2)Two other major simplifications:First,both the R&D and goods pr
4、oduction function are C-D function;second,the model takes the s,K and L as exogenous and constant.11/13/20234Assumptions(3)Fraction ak of the capital stock is used in the R&D sector and fraction 1-ak in the goods-producing sector;fraction aL of the labor force is used in the R&D sector and fraction
5、1-aL in the goods-producing sector.(4)The quantity of output produced at time t is thus:)1.3(10,)()1)()()1()(1tLatAtKatYLk物质生产部门的生产函数11/13/20235知识生产(R&D)部门的生产函数()()()(),0,0,0KLA tB a K ta L tA tB知识生产部门的生产函数取消了报酬不变的假定,因而可能存在报酬递减或报酬递增两种可能性。The parameter reflects the effect of the existing stock of kno
6、wledge on the success of R&D(3.2)11/13/20236(5)As in the Solow model,the saving rate is exogenous and constant,depreciation is set to zero.()()K tsY t()()L tnL t(6)Population growth is treated as exogenous.(7)Without capital for the moment.=0,=0(3.3)(3.4)11/13/202373.2 The Model without Capital()()(
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