How the Solow Growth Model Changes with Effective Use of Natural Resources
نویسندگان
چکیده
منابع مشابه
the use of appropriate madm model for ranking the vendors of mci equipments using fuzzy approach
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Solow ’ s Model of Economic Growth
Robert Solow received the 1987 Nobel Prize in economics for developing the leading model of economic growth. The model is based on the premise that cross-country differences in income per person are the result (primarily) of differences in national savings rates (savings finances increases in the capital stock). We illustrate its properties and show how it can be used as a tool for exploring th...
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متن کاملThe Solow Model in the Empirics of Growth and Trade*
Translated to a cross-country context, the Solow model (Solow, 1956) predicts that international differences in steady state output per person are due to international differences in technology for a constant capital output ratio. However, most of the cross-country growth literature that refers to the Solow model has employed a specification where steady state differences in output per person a...
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ژورنال
عنوان ژورنال: Advances in Economics and Business
سال: 2016
ISSN: 2331-5059,2331-5075
DOI: 10.13189/aeb.2016.040904