3.5.1 The AK Model of Endogenous Growth We consider the AK model of Romer (1986; see also McGrattan 1998). The name derives from the assumption that the production function takes the simple form
3.5.1 The AK Model of Endogenous GrowthWe consider the AK model of Romer (1986; see also McGrattan 1998). The namederives from the assumption that the production function takes the simpleform