AK Model

GPTKB entity

Statements (21)
Predicate Object
gptkbp:instanceOf economic growth model
gptkbp:A technology parameter
gptkbp:alternativeTo neoclassical growth model
gptkbp:assumes no diminishing returns to capital
gptkbp:features constant returns to scale in capital
gptkbp:field macroeconomics
gptkbp:form Y = AK
https://www.w3.org/2000/01/rdf-schema#label AK Model
gptkbp:implies sustained economic growth without exogenous technological progress
gptkbp:influenced modern growth theory
gptkbp:influencedBy gptkb:Solow-Swan_model
gptkbp:introducedIn 1990s
gptkbp:K capital stock
gptkbp:proposedBy gptkb:Robert_Barro
gptkb:Xavier_Sala-i-Martin
gptkbp:relatedTo gptkb:Romer_model
gptkb:Lucas_model
gptkbp:type endogenous growth theory
gptkbp:Y output
gptkbp:bfsParent gptkb:Endogenous_Growth_Theory
gptkbp:bfsLayer 6