490 19-10 The Solow (neoclassical)growth model nk shows the investment nk per person that maintains capital per person while sy labour grows y shows output per person sy shows both saving and investment per person K*Capital per person,k In the steady state E,investment is just sufficient to keep capital per person constant at k*. Per capita output is y*,output and capital grow with population Economics ECONOMICS MANAGEMENT SCHOOL,TONGJI UNIVERSITY Economics ECONOMICS & MANAGEMENT SCHOOL, TONGJI UNIVERSITY 19-10 The Solow (neoclassical) growth model Capital per person, k O u pt u t p e r p e rs o n , y nk nk shows the investment per person that maintains capital per person while labour grows y y shows output per person sy sy shows both saving and investment per person Y* Per capita output is y*, output and capital grow with population k* In the steady state E, investment is just sufficient to keep capital per person constant at k*. E