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[scalar_dynam] add explanation to parameters and add explanation of k #529

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merged 2 commits into from
Jul 23, 2024

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longye-tian
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Dear John @jstac and Matt @mmcky ,

This pull request is to update the suggestions with high priority in lecture scalar_dynam.md according #526.

In particular this pull request

  • add explanation to all the parameters in the Solow-Swan model,
  • change 'z' to 'A' to match with the notation in the Solow-Swan lecture.
  • Add 'k=K/L' to denote per capita capital stock.

What do you think about these changes? Would you like to change anything?

Best ❤️
Longye

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```

Here $k$ is the per capita capital stock and $s, z, \alpha, \delta$ are positive
parameters with $0 < \alpha, \delta < 1$.
Here $k=K/L$ is the per capita capital stock, $s$ is the saving rate, $A$ is the total factor productivity, $\alpha$ is the capital share, and $\delta$ is the depreciation rate. All these parameter are positive and $0 < \alpha, \delta < 1$.
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This is nice, thanks @longye-tian .

Perhaps "All these..." should be on a new line to match the style manual.

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Got it!

I will revise it now ❤️

@github-actions github-actions bot temporarily deployed to pull request July 23, 2024 09:11 Inactive
@github-actions github-actions bot temporarily deployed to pull request July 23, 2024 09:12 Inactive
@longye-tian longye-tian self-assigned this Jul 23, 2024
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mmcky commented Jul 23, 2024

thanks @longye-tian

@mmcky mmcky merged commit 716df5d into main Jul 23, 2024
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@mmcky mmcky deleted the update_scalar_dynam branch July 23, 2024 10:55
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3 participants