In the following calculation, I don't understand how they got $n^\alpha$.
$Y = nB\left(\frac {(1-u)N}n \right)^{1-\alpha}$
Taking logs on both sides:
$y = \ln Y = \ln n^\alpha + \ln B + (1-\alpha)\ln[(1-u)N]$
In the following calculation, I don't understand how they got $n^\alpha$.
$Y = nB\left(\frac {(1-u)N}n \right)^{1-\alpha}$
Taking logs on both sides:
$y = \ln Y = \ln n^\alpha + \ln B + (1-\alpha)\ln[(1-u)N]$
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$Y = nB\left(\frac {(1-u)N}n \right)^{1-\alpha}$
$\hphantom{Y} = n^{1-(1-\alpha)} B ((1-u)N)^{1-\alpha}$
$\hphantom{Y} = n^\alpha B ((1-u)N)^{1-\alpha}$
$$$$
$\therefore \ln Y = \ln n^\alpha + \ln B + (1-\alpha)\ln [(1-u)N]$