Hypothesis | The production function expressed by total output Y | The production function expressed by the per capita output y ( | The variable A corresponding to the hypothesis of L | Note |
|
|
|
| Assuming |
where |
|
|
| K is calculated by the definition |
|
|
|
| A is different in the Cobb-Douglas function with the assumption of L. In different dimensions (such as Y and N dimensions were billion and thousands of people, or million and people), size A will be different. If the Equation (29) Equation (28); If the statistics “fixed assets and consumer goods” as K, then the Equation (29) A will be different from the results of Equation (28). Only the A calculated by assuming dimensionless number. |
|
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
|