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The Solow Growth Model, developed by Nobel Prize-winning economist Robert Solow, was the first neoclassical growth model and was built upon the Keynesian Harrod-Domar model. The Solow model is the basis for the modern theory of economic growth.
A Contribution to the Theory of Economic Growth. Robert M. Solow. The Quarterly Journal of Economics, Vol. 70, No. 1. (Feb., 1956), pp. 65-94. Stable URL: http://links.jstor.org/sici?sici=0033-5533%28195602%2970%3A1%3C65%3AACTTTO%3E2.0.CO%3B2-M. The Quarterly Journal of Economics is currently published by The MIT Press.
Discover how Nobel laureate Robert Solow explains the factors behind economic growth and the impact of automation on society. The brightest economic thinkers of our time, Nobel Laureates, are cutting through the media noise and share real insights on economics, politics and society.
The Solow–Swan model or exogenous growth model is an economic model of long-run economic growth. It attempts to explain long-run economic growth by looking at capital accumulation, labor or population growth, and increases in productivity largely driven by technological progress.
Robert Merton Solow, GCIH (/ ˈ s oʊ l oʊ /; August 23, 1924 – December 21, 2023) was an American economist and Nobel laureate whose work on the theory of economic growth culminated in the exogenous growth model named after him.
26. Feb. 2023 · The modern economic growth theory was developed by Robert Solow as a theory of capital accumulation in the economy. The Solow model introduced the economic growth model where changes in the economic output are determined by changes in capital, labor, and technology....
21. Dez. 2023 · Robert Solow was awarded the Economic Sciences Prize for his important contributions to theories of economic growth. In the 1950s, he developed a mathematical model illustrating how various factors can contribute to sustained national economic growth.
