00:01
Hello, here we are dealing with the question on solow model.
00:12
In this case, the solow model is an exogenous growth model and if that is the scenario, let's consider the different parameters that would be changing here.
00:29
The first thing that we need to consider is technology.
00:34
As far as technology is being concerned, we can have an increase in steady level.
00:40
When technology changes, there would be an increase in steady level that comes.
00:50
Because we are talking about the situation of improvement.
00:55
Now, moving to the next case, when there is a case with increase in saving.
01:01
If increases saving, that makes the state of steady level to increase.
01:11
Again, steady level would be increasing.
01:14
Now, let's consider the next parameter here, that is population.
01:23
As a result of change in population, the steady state of capital would be increasing...