Allow me to share this excellent and pedagogical video on the first iterations of the Schumpeterian Growth model made by Klaus Prettner. The equations are explained step-by-step.
On a lighter tone, we can ask if the reference quoted in the video are really the first iterations of this class of models:
Please watch this excellent video on The Schumpeterian Growth Model (Multi-Sector Version) by Klaus Prettner. It is a very pedagogical video and a follow-up to the One-Sector version.…
In this post, I will show how it is simple to visualize CES production functions with Wolfram Alpha. I build upon the very pedagogical YouTube video of Klaus…
In this post, I will show how it is simple to visualize production functions with Wolfram Alpha. I build upon the very pedagogical YouTube video of Klaus Prettner…
In my previous post, we saw that we can derive Cobb-Douglas production function from CES production function when the elasticity of substitution is equal to zero. In this…