Solow model

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:alsoKnownAs gptkb:Solow–Swan_model
gptkbp:assumes constant returns to scale
diminishing returns to capital
exogenous technological progress
gptkbp:basisFor modern growth economics
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 Y = F(K, L, A)
https://www.w3.org/2000/01/rdf-schema#label Solow model
gptkbp:influenced endogenous growth theory
gptkbp:introducedIn 1956
gptkbp:relatedTo gptkb:neoclassical_growth_theory
gptkbp:usedIn economic policy analysis
gptkbp:bfsParent gptkb:Solow–Swan_growth_model
gptkbp:bfsLayer 5