Economic Theory, Vol. 29, No. 2, Symposium in Honor of Mukul Majumdar (Oct., 2006), pp. 341-362 (22 pages) We highlight two features of undiscounted optimal growth in the context of a two-sector model ...
Ghanaians see the evidence of economic wear-and-tear every day. Potholes often appear soon after a road project is commissioned. Power plants operate below capacity within a decade. Irrigation ...
Oxford Review of Economic Policy, Vol. 23, No. 1, THE SOLOW GROWTH MODEL (SPRING 2007), pp. 94-114 (21 pages) In this paper, we seek to re-establish the link between the constant elasticity of ...
Why must China maintain high economic growth? Firstly, countries with growing populations must have economic growth, otherwise they fall into the Malthusian trap. If economic growth stops, there would ...
His elegant work established that the main determinant of economic growth was technology, not growing capital and labor. By Robert D. Hershey Jr. and Michael M. Weinstein Robert M. Solow, who won a ...
How do societies become richer? Robert Solow, an American economist who died Thursday at age 99, said technical progress and innovation were a core reason economies grew and people became prosperous.
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