Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:assumes |
constant returns to scale
diminishing returns to capital exogenous technological change |
| gptkbp:contrastsWith |
endogenous growth theory
|
| gptkbp:criticizedFor |
ignoring endogenous technological change
simplistic assumptions about savings and investment |
| gptkbp:developedBy |
gptkb:Robert_Solow
gptkb:Trevor_Swan |
| gptkbp:emphasizes |
technological progress
capital accumulation labor growth |
| gptkbp:explains |
differences in economic growth rates
|
| gptkbp:focusesOn |
long-term economic growth
|
| https://www.w3.org/2000/01/rdf-schema#label |
neoclassical growth theory
|
| gptkbp:influencedBy |
classical economics
|
| gptkbp:introducedIn |
1956
|
| gptkbp:keyModel |
gptkb:Solow-Swan_model
|
| gptkbp:predicts |
convergence of income levels
|
| gptkbp:relatedTo |
gptkb:Harrod-Domar_model
|
| gptkbp:usedIn |
macroeconomics
|
| gptkbp:bfsParent |
gptkb:A_Contribution_to_the_Theory_of_Economic_Growth
|
| gptkbp:bfsLayer |
5
|