Solution to Introduction to Modern Economic

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1、SolutionsManualforIntroductiontoModernEconomicGrowthINSTRUCTOR’SMANUALMichaelPetersAlpSimsekPrincetonUniversityPressPrincetonandOxfordCopyright©2009byPrincetonUniversityPressPublishedbyPrincetonUniversityPress,41WilliamStreet,Princeton,NewJersey08540IntheUnitedKingdom:Pri

2、ncetonUniversityPress,6OxfordStreet,Woodstock,OxfordshireOX201TWAllRightsReservedThepublisherwouldliketoacknowledgetheauthorofthisvolumeforprovidingthecamera-readycopyfromwhichthisbookwasproduced.press.princeton.eduForyou,Edna.-M.P.Tomyparentsandmybrothers,-A.S.ContentsIn

3、troductionxiChapter2:TheSolowGrowthModel1Exercise2.71Exercise2.113Exercise2.126Exercise2.14*7Exercise2.16*9Exercise2.1710Exercise2.18*13Exercise2.19*15Exercise2.2015Exercise2.2117Exercise2.2220Exercise2.2320Exercise2.2723Chapter3:TheSolowModelandtheData27Exercise3.127Exer

4、cise3.229Exercise3.929Exercise3.1030Chapter4:FundamentalDeterminantsofDi¤erencesinEconomicPerformance31Exercise4.331Chapter5:FoundationsofNeoclassicalGrowth33Exercise5.133Exercise5.235Exercise5.936Exercise5.1038Exercise5.1140Exercise5.1242Exercise5.1347Exercise5.14*48Chap

5、ter6:In…nite-HorizonOptimizationandDynamicProgramming51Exercise6.2*51Exercise6.3*51Exercise6.752Exercise6.854vviSolutionsManualforIntroductiontoModernEconomicGrowthExercise6.958Exercise6.1259Exercise6.18*61Chapter7:AnIntroductiontotheTheoryofOptimalControl63Exercise7.163E

6、xercise7.2*65Exercise7.565Exercise7.1966Exercise7.1069Exercise7.17*70Exercise7.1871Exercise7.2373Exercise7.2173Exercise7.2675Exercise7.24*76Exercise7.2579Exercise7.2880Chapter8:TheNeoclassicalGrowthModel87Exercise8.287Exercise8.788Exercise8.1190Exercise8.1392Exercise8.159

7、3Exercise8.1996Exercise8.2397Exercise8.25100Exercise8.27101Exercise8.30105Exercise8.31108Exercise8.33113Exercise8.34117Exercise8.37119Exercise8.38*121Chapter9:GrowthwithOverlappingGenerations129Exercise9.1129Exercise9.3130Exercise9.6132Exercise9.7134Exercise9.8137Exercise

8、9.15138Exercise9.16141Exercise9.17146Exercise9.20147Exercise9.21149Exercise9.24*150Exercise9.32*