Chapter 15 Neoclassical Growth Theory

2 Figure 15.1 ©2002 South-Western College Publishing Inputs and Outputs in the United States, 1929–1999

3 ©2002 South-Western College Publishing Figure 15.2 Labor’s Share of National Income

4 ©2002 South-Western College Publishing Figure 15.3 The Solow Residual in the United States

5 ©2002 South-Western College Publishing Figure 15.4 The Sources of Growth in GDP per Person

6 Figure 15.5A ©2002 South-Western College Publishing Three Facts Used To Construct the Neoclassical Growth Model

7 Figure 15.5B ©2002 South-Western College Publishing Three Facts Used To Construct the Neoclassical Growth Model

8 ©2002 South-Western College Publishing Figure 15.5C Three Facts Used To Construct the Neoclassical Growth Model

9 ©2002 South-Western College Publishing Figure 15.6 The Per Capita Production Function

10 ©2002 South-Western College Publishing Figure 15.7 Convergence When the Economy Begins with Too Little Capital

11 ©2002 South-Western College Publishing Figure 15.8 Convergence When the Economy Begins with Too Much Capital

12 ©2002 South-Western College Publishing Table 15.1

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