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Solow-Swan Model and Growth Dynamics: moving forward
Abstract This note in the Milestones series is dedicated to the Solow-Swan model. The aim is to examine the historical significance and enduring impact of the Solow-Swan neoclassical growth model, independently developed by Robert Solow and Trevor Swan in 1956. The model revolutionized economic growth theory by introducing a framework
Massimiliano Ferrara +1 more
exaly +4 more sources
A Generalized Solow-Swan Model [PDF]
We set up a generalized Solow-Swan model to study the exogenous impact of population, saving rate, technological change, and labor participation rate on economic growth.
Donghan Cai, Hui Ye, Longfei Gu
doaj +2 more sources
Long-term Expectation Formation and Endogenous Growth: Incorporating a Keynesian Perspective into the Solow-Swan Model [PDF]
application/pdf In long-term investment behaviors, entrepreneurs face (Knightian) uncertainties that are difficult to handle. How do they deal with these uncertainties? To address this question, Chapter 12 of Keynes (1936) considers long-term expectations.We try to connect the argument in Chapter 12 with endogenous growth: Based on a Keynesian ...
Dohtani, Akitaka, Matsuyama, Jun
core +4 more sources
Evidence and Strategy on Economic Distance in Spatially Augmented Solow-Swan Growth Model [PDF]
Economists' interests in growth theory have a very long history (Harrod, 1939; Domar, 1946; Solow, 1956; Swan 1956; Mankiw, Romer, and Weil, 1992). Recently, starting from the neoclassical growth model, Ertur and Koch (2007) developed the spatially augmented Solow-Swan growth model with the exogenous spatial weights matrices ($W$). While the exogenous $
Lee, Jieun
openaire +3 more sources
MIGRATION AND ECONOMIC GROWTH IN BRAZIL: EMPIRICAL APPLICATIONS BASED ON THE SOLOW-SWAN MODEL [PDF]
ANDRÉ BRAZ GOLGHER +2 more
openaire +3 more sources
Vertical Fiscal Imbalance and Regional Economic Growth [PDF]
This study examines the impact of fiscal decentralization on regional economic growth using panel data for 82 subjects of the Russian Federation for the period 2005-2018. General theoretical framework was drawn from the second-generation theory of fiscal
Boris I. Alekhin
doaj +1 more source
This paper develops and discusses a neoclassical growth model with two inputs: physical capital stock and combined stock of human and intellectual capital.
Delano Segundo Villanueva
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A MODIFIED NEOCLASSICAL GROWTH MODEL WITH ENDOGENOUS LABOR PARTICIPATION
In light of robust econometric results on the determinants of labor participation in 36 advanced economies reported by Grigoli et al. (2018) and independently by CBO (2018), my paper modifies the Solow (1956) - Swan (1956), or S-S, growth model by making
Delano Segundo Villanueva
doaj +1 more source
USING SATELLITE DATA FOR ENVIRONMENTAL IMPACT ANALYSIS IN ECONOMIC GROWTH: THE CASE OF MONGOLIA [PDF]
The Mongolian economy is based on the primary and secondary economic sectors of agriculture and industry. In addition, minerals and mining become a key sector of its economy.
A. Tungalag +4 more
doaj +1 more source
Domestic Credit and Stock Market Impact on Economic Growth: A New Evidence in Five ASEAN Countries
Capital accumulation and technological innovation had been the two channels through which the financial sector plays a vital role in the growth of economy. However, there are some different results between banking and stock market. The research tested
Tuti Eka Asmarani, Endah Ayu Ningsih
doaj +1 more source

