Difference between revisions of "Solow growth model"
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Latest revision as of 19:22, 2 July 2020
Solow growth model is a model showing how saving, population growth, and technological progress determine the level of and growth in the standard of living.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Solow growth model. A model showing how saving, population growth, and technological progress determine the level of and growth in the standard of living.
