Dynamics in One Dimension
Consider a law of motion for the Solow growth model, in which the trajectory of capital is determined non-linearly: $$ k_{t+1} = Ask_{t}^\alpha + (1-\delta)k_t $$ Here \(k\) is capital stock, and \([A,s, \alpha, \delta] \) are positive parameters. The following code excerpts are from julia.quantecon.org. g(k;p) is a function that represents the capital transition function, given the parameter set p and argument k. g(k; p) = p.A * p.s * k^p....