{ "cells": [ { "cell_type": "markdown", "metadata": {}, "source": [ ">(4.21) $ \\left( \\frac{Y_{t, alt}/L_{t, alt}}{Y_{t, ini}/L_{t, ini}} \\right)^* $\n", "$ = \\left( \\frac{n+g_{in}+\\delta}{(n+g_{in}+\\Delta g + \\delta) \\right)^{\\theta} (1+ \\Delta g)^t $" ] }, { "cell_type": "markdown", "metadata": {}, "source": [ ">(5.7) $ \\ln(E) = \\ln(H) - \\frac{\\ln(L)}{\\gamma} $\n", "\n", "Then since:\n", "\n", ">(5.8) $ y^{*mal} = \\left( \\frac{s}{\\gamma h +\\delta} \\right)^\\theta E $\n", "\n", ">(5.9) $ \\ln(\\phi) + \\ln\\left( y^{sub} \\right) + \\ln\\left(1 + \\frac{\\gamma h}{\\beta} \\right) = \\theta \\ln(s) - \\theta \\ln(\\gamma h +\\delta) + \\ln(E) $\n", "\n", "The population and labor force in the full Malthusian equilibrium will be:\n", "\n", ">(5.10) $ \\ln(L_t^{*mal}) = \\gamma \\left[ \\ln(H_t) - \\ln( y^{sub}) \\right] + \\gamma \\theta \\left( \\ln(s) - \\ln(\\delta) \\right) - \\gamma \\ln(\\phi) + \\left( - \\gamma \\theta \\ln(1 + \\gamma h/\\delta) -\\gamma ln\\left(1 + \\frac{\\gamma h}{\\beta} \\right) \\right) $" ] } ], "metadata": { "kernelspec": { "display_name": "Python 3", "language": "python", "name": "python3" }, "language_info": { "codemirror_mode": { "name": "ipython", "version": 3 }, "file_extension": ".py", "mimetype": "text/x-python", "name": "python", "nbconvert_exporter": "python", "pygments_lexer": "ipython3", "version": "3.7.4" } }, "nbformat": 4, "nbformat_minor": 4 }