Solow-Swan Growth Model (2D)

Y = K^α(AL)^1−α — capital per effective worker converges to a steady state k* where investment exactly replaces depreciation, population growth and technology widening.

Savings rate s 0.30

Depreciation δ 0.05

Tech growth g 0.02

Pop. growth n 0.01

Capital share α 0.33

k* (steady): — y* (steady): — k (current): — y (current): — Golden s: — Year: 0

Time series

Phase diagram — click to set k

Output per worker y Capital per worker k Consumption per worker c Steady state k*