Abstract This study deals with interactions between economic growth and structural change banking. The is influenced by the model of money banking Chang et al. (2007). It deviates from al.’ regard to monetary authority behavior, structure, modeling behavior household. dynamic money, banking, in a perfectly competitive economy. system consists one capital goods sector, consumer sector. two secto...

Abstract The main purpose of this paper is to analyze the contribution land capital growth emissions and income per capita in long run. We collect new satellite data from Earth Observatory obtain estimates Enhanced Vegetation Index at country level for period 2000–2015. use these World Bank wealth natural calibrate empirically test an extension Green Solow model with degradation investment. sho...

Most empirical studies of long run growth refer to one of the two seminal contributions by Robert Solow (1956, 1957). His work shows that in order to estimate the relative roles of factor accumulation and technology in development, an a priori identification assumption is needed about the nature of technical change. This specific assumption differs across the two Solow papers. I show that start...

Despite its role as the centerpiece of modern growth theory, the Solow model is decidedly silent on some of its basic questions: Why is average growth in per capita income so much higher now than it was 200 years ago? Why is per capita income so much higher in the member countries of the OECD than in the less developed countries (LDC) of the world? The standard implementation of the Solow model...

The Solow-Swan model is shortly reviewed from a mathematical point of view. By considering non-constant returns to scale, we obtain general solution strategy. We then compute the exact for Cobb-Douglas production function, both classical and von Bertalanffy model. Numerical simulations are provided.