Cobb : Y=AK^alphaL^1-a The capital accumulation equation obtained from the equality S = I : k(d) = sk^alpha - (n+δ+ga)k β =(1 − α)(n + δ + gA) Etat stationnaire : k*= (sA/n+δ)^1/1-alpha Croissance du PIB total=g+n wt = ct + st dt+1 = (1+rt+1)st the capital accumulation equation: (1+n)kt+1 = st steady state quand kt+1=kt Ct = Yt - I kGR = (alpha/n+δ)^1/1-alpha kGR = Total consumption at the steady state kGR = k^α − (1 + n)k à dériver k* = (s/n+gA+δ)^1/1-alpha - Si k∗<kGR : sous-accumule