Neoclassical Growth

a dark satanic mill


I - The Neoclassical Growth Model
(1) Introduction
(2) The Solow-Swan Growth Model
(3) Adding Depreciation
(4) Solving the System
(A) The Cobb-Douglas Solution
(B) The General Solution
(5) Adjustment Processes: Solow vs. Harrod

II - Empirical Implications
(1) Introduction
(2) The Solow Paradox
(3) The Convergence Hypotheses
(A) Absolute Convergence
(B) Conditional Convergence
(4) Poverty Traps
(A) The Technological Trap
(B) The Population Trap

III - Technical Progress
(1) Adding Technical Progress
(2) Empirical Implications

IV - Selected References



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