Testing the Validity of the Solow Growth Model: Empirical Evidence from Cross-Country Panel Data
نویسندگان
چکیده
منابع مشابه
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Solow (1956) as a Model of Cross-Country Growth Dynamics
Despite the widespread popularity of the Solow growth model, much of the recent empirical work based on the classic framework misrepresents a crucial feature of the model. Namely, the growth rate of technological progress, assumed to be exogenous in the Solow model, is often identified as being constant across countries. This simplification of the behavior of technological progess runs counter ...
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ژورنال
عنوان ژورنال: American Economic & Social Review
سال: 2018
ISSN: 2576-1277,2576-1269
DOI: 10.46281/aesr.v3i1.197