Statements (41)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:alternativeName |
gptkb:Neoclassical_growth_model
gptkb:Solow_model |
| gptkbp:assumes |
no government
constant returns to scale closed economy diminishing returns to capital exogenous technological progress diminishing returns to labor no international trade |
| gptkbp:basisFor |
endogenous growth theory
|
| gptkbp:commonIn |
gptkb:Cobb-Douglas_production_function
|
| gptkbp:criticizedFor |
exogenous technology assumption
ignoring human capital ignoring institutions |
| gptkbp:describes |
long-run economic growth
|
| gptkbp:developedBy |
gptkb:Robert_Solow
gptkb:Trevor_Swan |
| gptkbp:explains |
effects of capital accumulation
effects of labor growth effects of technological progress |
| gptkbp:field |
macroeconomics
economic growth theory |
| https://www.w3.org/2000/01/rdf-schema#label |
Solow-Swan Growth Model
|
| gptkbp:ignores |
gptkb:public_policy
market imperfections short-run fluctuations |
| gptkbp:influenced |
gptkb:neoclassical_growth_theory
|
| gptkbp:introducedIn |
1956
|
| gptkbp:mathematicallyRepresents |
output as function of capital, labor, and technology
|
| gptkbp:predicts |
steady-state growth
conditional convergence |
| gptkbp:publishedIn |
gptkb:Quarterly_Journal_of_Economics
|
| gptkbp:relatedTo |
gptkb:Harrod-Domar_model
|
| gptkbp:usedFor |
analyzing income differences across countries
studying effects of population growth studying effects of savings rate studying effects of technological change |
| gptkbp:uses |
aggregate production function
|
| gptkbp:bfsParent |
gptkb:Neoclassical_Growth_Model
|
| gptkbp:bfsLayer |
7
|