Solow-Swan Economic Growth Model

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A Solow-Swan Economic Growth Model is an exogenous economic growth model that explains long-run economic growth by examining capital accumulation, labor or population growth, and productivity increases largely driven by technological progress.



References

2024

  1. Cite error: Invalid <ref> tag; no text was provided for refs named Solow1956
  2. Cite error: Invalid <ref> tag; no text was provided for refs named Swan1956
  3. Cass D (1965): "Optimum Growth in an Aggregative Model of Capital Accumulation, The Review of Economic Studies, 32(3):233-240, jstor.
  4. Cass endogenizes the savings rate by explicitly modeling the consumer’s decision to consume and save. This is done by adding a household optimization problem to the Solow model. see also Giri R (undated, before 2022): Lecture 3 – Growth Model with Endogenous Savings: Ramsey-Cass-Koopmans Model. Instituto Tecnologico Autonomo de Mexico (ITAM)


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