The open-economy Solow-Swan growth model predicts (1) that growth should be uncorrelated with the ratio of national investment to GDP and (2) instantaneous convergence of GDP per capita across ...
President Barack Obama presents the Medal of Freedom to economist Robert Solow during a ceremony in the East Room of the White House on Nov. 24, 2014 in Washington, D.C. (MANDEL NGAN/AFP via Getty ...
Although the economic growth literature has come a long way since the Solow-Swan model of the fifties, there is still considerable debate on the "real' or "deep" determinants of growth. This paper ...
A demand-driven alternative to the conventional Solow–Swan growth model is analysed. Its medium run is built around Marx–Goodwin cycles of demand and distribution. Long-run income and wealth ...
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