Yashin, Pete - Volkswirtschaftliche Fakultät, … - 2008
economy fluctuations are averaged along an equilibrium path, the Cobb-Douglas function reduces to condition, which is similar … satisfied (the savings rate is equal to the capital income share), the production function takes the form of the Cobb-Douglas … function. This function governs the economic growth both when the economy is growing along an equilibrium path and when the …