Construct · 1 fields · 1 citations

Solow growth model: a standalone construct

One name. One construct. A landmark on the map.

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Solowgrowth model1 CONSTRUCTSolow growth modelSOLOW · MACROECONOMICS

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Macroeconomics

a model in which output per worker grows through capital accumulation with diminishing returns, settling at a steady state set by saving and population growth.

In macroeconomics, Solow growth model refers to a model in which output per worker grows through capital accumulation with diminishing returns, settling at a steady state set by saving and population growth. This meaning comes from Solow (1956) in The Quarterly Journal of Economics.[1]

Unit
Recovery means
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Nearby constructs

accumulation3 fields · 3 citationsjingle · one word, three constructsgrowth4 fields · 4 citationsjingle · one word, four constructssteady state3 fields · 3 citationsinvariant · one construct, three systems

References

  1. Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics, 70(1), 65. https://doi.org/10.2307/1884513

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