Solow growth model

E391913

The Solow growth model is a foundational economic framework that explains long-run economic growth through capital accumulation, labor or population growth, and exogenous technological progress.

All labels observed (8)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf economic growth model ⓘ
macroeconomic model ⓘ
neoclassical growth model ⓘ
assumes closed economy in basic version ⓘ
competitive markets ⓘ
constant returns to scale production function ⓘ
diminishing returns to capital ⓘ
exogenous population growth ⓘ
exogenous savings rate ⓘ
exogenous technological progress ⓘ
classification exogenous growth model ⓘ
coreVariable capital stock ⓘ
labor ⓘ
output ⓘ
technology level ⓘ
describes long-run economic growth ⓘ
distinguishes growth from factor accumulation ⓘ
growth from technological progress ⓘ
explains role of capital accumulation in growth ⓘ
role of exogenous technological progress in growth ⓘ
role of labor growth in output growth ⓘ
feature capital deepening ⓘ
capital widening ⓘ
golden rule level of capital ⓘ
field economic growth theory ⓘ
macroeconomics ⓘ
hasExtension Solow model with government ⓘ
Solow model with human capital ⓘ
linked to: Solow growth model

open-economy Solow model ⓘ
implies diminishing marginal product of capital ⓘ
long-run growth in output per worker driven by technology ⓘ
influenced endogenous growth models ⓘ
modern growth theory ⓘ
policy analysis on savings and investment ⓘ
introducedBy Robert M. Solow ⓘ
linked to: Robert Solow
introducedIn 1956 ⓘ
namedAfter Robert Solow ⓘ
oftenUses Cobb–Douglas production function ⓘ
predicts convergence in income per capita under certain conditions ⓘ
existence of steady-state capital per worker ⓘ
existence of steady-state output per worker ⓘ
transitional dynamics toward steady state ⓘ
publication A Contribution to the Theory of Economic Growth ⓘ
linked to: Solow growth model
publicationYear 1956 ⓘ
usedFor analyzing effects of savings rate changes ⓘ
analyzing population growth effects on income per capita ⓘ
cross-country income comparisons ⓘ
growth accounting ⓘ
uses aggregate production function ⓘ

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Referenced by (16)

Full triples — surface form annotated when it differs from this entity's canonical label.

Introduction to Modern Economic Growth → topic → Solow growth model ⓘ
Kaldor growth model → contrastsWith → Solow–Swan growth model ⓘ
linked to: Solow growth model
Kaldor’s stylized facts of economic growth → relatedConcept → Solow‑Swan model ⓘ
linked to: Solow growth model
Robert Solow → familyName → Solow ⓘ
linked to: Solow growth model
Robert Solow → notableWork → Solow–Swan growth model ⓘ
linked to: Solow growth model
Robert Solow → notableWork → Solow growth model ⓘ
Robert Solow → notableIdea → Solow residual ⓘ
linked to: Solow growth model
Robert Solow → theoryDeveloped → Solow–Swan growth model ⓘ
linked to: Solow growth model
Ramsey–Cass–Koopmans model → contrastsWith → Solow–Swan model ⓘ
linked to: Solow growth model
Solow growth model → publication → A Contribution to the Theory of Economic Growth ⓘ
linked to: Solow growth model
Solow growth model → hasExtension → Solow model with human capital ⓘ
linked to: Solow growth model
On the Mechanics of Economic Development → relatedTo → Solow–Swan growth model ⓘ
linked to: Solow growth model
Schumpeterian growth theory → contrastsWith → Solow growth model ⓘ
Barro growth regressions → basedOnTheory → Solow growth model ⓘ
Economic Growth → topic → Solow growth model ⓘ
subject linked to: “Economic Growth”