http://www.literaryrambles.com/2013/10/agent-spotlight-christopher-schelling.html WebIn the contemporary literature on economic growth, the Solow-Swan model (1956) is the main reference point. The above model is an exogenous growth model, i.e., an economic model of long-run economic growth set within the framework of neoclassical economics.
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WebOct 17, 2024 · Pushcart Prize winning American writer and one of the two best selling UC Press authors of all time (at time of publication) Harrison Solow has received many awards for her literary fiction, nonfiction, cross-genre writing, poetry and professional writing. Webthe so-called Solow residual, a popular measure of total factor productivity. The approach, proposed by Robert Hall, has been extensively applied in the empirical literature (Shapiro, 1987; Domowitz et al., 1988; Caballero and Lyons, 1990). Mone- theless, Hall’s approach has been criticised on the grounds that it relies on some-
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Webfactor and furthermore, the individuals in the Solow model (and in some of its successors) have no motivation to invent new goods. Notwithstanding the shortcomings mentioned, the Solow model became the cornerstone of economic literature focusing on the behavior of income growth across countries. Moreover, the conditional convergence of income
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