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References in periodicals archive ?
A new explanation for the UK and developed world productivity puzzle is proposed which grafts the Lewis (1954) model onto a standard Solow growth model. What is called here the neo-Lewis model is identical to the Solow model in good times.
The influential work of Solow growth model (1956, 1957) made the basis for numerous previous literature.
Among the models scrutinized is the Solow growth model, the Shapiro-Stiglitz paper on efficiency wages, and the "new new institutional economics" (NNIE).
It is contribution of this study to explore the association between them by using augmented Solow growth model primarily in Pakistan.
22-23) To paraphrase Romer's analysis, he is saying that when we plug plausible parameters into the Solow growth model, an increase in the savings rate from, say, 20 percent to 22 percent would eventually boost output by 5 percent relative to the original level.
The text relies mainly on the Solow growth model, which is introduced alongside Cobb-Douglas and constant-elasticity-of-substitution functions.
In a Solow growth model setting, longterm potential output growth would fall by about 0.14 percentage points and the demand shock would be 0.55 (MC) or 0.96 (LB) per cent of GDP.
The importance of technological progress in economic models is outlined in the Solow growth model wherein output per worker depends mainly on savings, population growth, and technological change (Solow 1956).
Michetti, Global attractor in Solow growth model with differential savings and endogenic labor force growth, AMSE Periodicals, Modelling Measurement and Control, Series D, 29(2):19-37, 2008.
Bridging the Gap Between Growth Theory and Policy in Asia: An Extension of the Solow Growth Model