Growth model to analyze the effects of immigration

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This question asks you to use the Solow growth model to analyze the effects of immigration. Suppose output is produced with the production function Y = A(K/N)^α. Capital depreciates at rate δ, and productivity, A, is constant. The saving rate, s, is also constant. Suppose initially that the economy is in steady state with a constant population growth rate, n1. Show how the Solow growth model changes, relative to the case where the population is constant. Explain and depict the steady state equilibrium on your graph.

Reference no: EM131095550

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