Develop a simple framework for the proximate causes and the mechanics of economic growth and crosscountry income di¤erences. Solow-Swan model named after Robert (Bob) Solow and Trevor Swan, or simply the Solow model Before Solow growth model, the most common approach to economic growth built on the Harrod-Domar model. Harrod-Domar mdel emphasized potential dysfunctional aspects of growth: e.g, how growth could go hand-in-hand with increasing unemployment.
CITATION STYLE
Dayal, V. (2015). The Solow Growth Model (pp. 85–92). https://doi.org/10.1007/978-81-322-2340-5_12
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