Solow-Swan growth model

GPTKB entity

Statements (42)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:alsoKnownAs gptkb:Solow_model
gptkbp:assumes no government
aggregate production function
constant returns to scale
closed economy
diminishing returns to capital
exogenous technological progress
gptkbp:citation highly cited
gptkbp:describes long-run economic growth
gptkbp:developedBy gptkb:Robert_Solow
gptkb:Trevor_Swan
gptkbp:explains convergence
steady-state growth
gptkbp:field macroeconomics
gptkbp:focusesOn technological progress
capital accumulation
labor
gptkbp:form partial differential equations
https://www.w3.org/2000/01/rdf-schema#label Solow-Swan growth model
gptkbp:influenced endogenous growth theory
gptkbp:influencedBy classical economics
neoclassical economics
gptkbp:predicts conditional convergence
impact of population growth on output
impact of savings on growth
impact of technological progress on output
gptkbp:productionFunction Cobb-Douglas
gptkbp:publishedIn gptkb:The_Review_of_Economics_and_Statistics
gptkbp:relatedTo gptkb:Harrod-Domar_model
gptkb:Ramsey-Cass-Koopmans_model
gptkbp:usedFor policy analysis
growth accounting
analyzing economic growth differences
gptkbp:variant capital per worker
output per worker
population growth rate
savings rate
technological progress rate
gptkbp:yearProposed 1956
gptkbp:bfsParent gptkb:classical_growth_model
gptkbp:bfsLayer 7