Robert M Solow’s scientific contributions

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Publications (1)


A Contribution to The Theory of Economic Growth
  • Article

February 1956

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1,845 Reads

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21,229 Citations

Quarterly Journal of Economics

Robert M Solow

I. Introduction, 65. — II. A model of long-run growth, 66. — III. Possible growth patterns, 68. — IV. Examples, 73. — V. Behavior of interest and wage rates, 78. — VI. Extensions, 85. — VII. Qualifications, 91.

Citations (1)


... The Harrod-Domar model (developed in 1946) views growth as rooted in saving levels and capital, defined as durable produced goods employed as inputs for further production. The Solow-Swan growth model (Solow, 1956(Solow, , 1957Denison, 1962Denison, , 1967Easterly and Levine, 2001), an early neoclassical model of exogenous growth, investigates the impact of changes in capital accumulation, population growth, and productivity increases driven by technological advancements on output levels over time. However, analyses that solely focus on long-term trends and the steady state of economic growth overlook numerous crucial variables that significantly affect economic growth. ...

Reference:

Entrepreneurship: The Driving Force for Economic Growth in the Twenty-First Century in the European Union
A Contribution to The Theory of Economic Growth
  • Citing Article
  • February 1956

Quarterly Journal of Economics