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Empirical Applications of Neoclassical Growth Models the "Fit" of the Solow Augmented Growth Model [PDF]
The theories of country growth models are supported by the high scale variation observed in these countries’ growth rates. This is the reason behind those typical questions, like “Why did some East Asian countries grow so much?”, amongst others ...
Jalles, João Tovar
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Reformulating the Critique of Human Capital Theory
Journal of Economic Surveys, Volume 39, Issue 5, Page 1839-1851, December 2025.ABSTRACT Despite criticism, human capital theory (HCT) has remained central for six decades to the teaching and practice of economics. This paper reformulates the critique of HCT, focusing on two aspects that are typically relegated to the margin.
Paul Auerbach, Francis Green
wiley +1 more source
The Solow model in discrete time and decreasing population growth rate [PDF]
This paper reformulates the neoclassical Solow-Swan model of economic growth in discrete time by introducing a generic population growth law that verifies the following properties: 1) population is strictly increasing and bounded 2) the rate of growth of
Juan Gabriel Brida +1 more
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Evidence and Strategy on Economic Distance in Spatially Augmented Solow-Swan Growth Model
SSRN Electronic Journal, 2022 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 $
openaire +2 more sources
Food and Energy Security, Volume 14, Issue 6, November/December 2025.The graphical abstract illustrates the interconnected challenges of food security, population growth, and environmental sustainability in Africa. Rapid population growth and urbanization have triggered profound dietary transitions, with rice emerging as a key staple in many African countries.
Deshuo Zhang +3 more
wiley +1 more source
OLS-Estimation of conditional and unconditional sigma- and beta-convergence of per capita income: Implications of Solow-Swan and Ramsey-Cass models [PDF]
In this paper I discuss the general statistical relationships between beta- and sigmaconvergence (for a definition see section 2) and the implications of the Solow-Swan and Ramsey-Cass model for an OLS-estimation of beta- and sigma-convergence of the log
Maurer, Rainer
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Natural Resources Forum, Volume 49, Issue 4, Page 3421-3441, November 2025.Abstract Natural resources are vital resources given by nature and are responsible for promoting a nation's economic development. However, with the existence of two opposing theories, it is essential to provide state‐of‐the‐art research that ascertains the association between natural resources and economic growth.
Musbau Omotola Kadir +3 more
wiley +1 more source
An Empirical Analysis of Convergence Hypothesis [PDF]
A useful contribution of wide ranging debate in the growth literature is that it has put forward a number of testable hypotheses. One of such hypotheses is known as the convergence hypothesis whereby it is postulated that in the long run developing ...
Amber Naz, Eatzaz Ahmad
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Backward Growth Accounting: An Economic Tool for Strategic Planning of Business Growth
Managerial and Decision Economics, Volume 46, Issue 6, Page 3296-3317, September 2025.ABSTRACT Business growth is a goal of great importance for its both private and social benefits. Many firms view business growth as an imperative for their survival, stability, and long‐term success. Business growth can be socially beneficial, too, as it enables businesses to expand into new territories where they can stimulate economic growth and ...
Ali Zeytoon‐Nejad
wiley +1 more source