The solow model 8 Production function Y=F(K, H, AL) = B (AL) 1-2- are given 03. There is only one product ic the mode Y, physical capita K human capital inputs. Physical and and labor is produced with human Capita d is worn OU Total by the ratio. physical capital revenue Se the C90 of OCCO Marion Qad in SU the inversed proportion Le occumulation Labor rate The of human capital 15 CO is as The given given as technology growth the variables Z k hl 9 + Define AL A) De fine the Stationary state equilibrium B) Find physical the effective human capital and effective balance capital VOUS the stationary state Vanes of product phsical capital c) Find the aod human growth Capitol income D) Find the colpito growth rates of per phsical capital and human capital and E) what 15 Convergence Show it theoretically For which values of there IS convergence. the frame work? with the help of graphics. parameters and B
