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Solow model

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Journal Article
History of Political Economy (2009) 41 (Suppl_1): 241–262.
Published: 01 December 2009
...Brian Snowdon For almost thirty years the Solow model experienced relative neglect within the field of development economics. However, since the mid-1980s the neoclassical growth model has been at the heart of the debate among economists interested in the important issues of growth, development...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 221–240.
Published: 01 December 2009
...John Toye Although Robert Solow never applied his neoclassical growth model to an underdeveloped country, neither did he ever exclude underdeveloped countries from its scope. For a generation, the model's use to predict worldwide convergence in levels of per capita income provided the main link...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 107–126.
Published: 01 December 2009
...Robert W. Dimand; Barbara J. Spencer The independent contributions of Robert Solow and the Australian economist Trevor Swan in developing the neoclassical growth model are sometimes recognized by reference to the “Solow-Swan” model, but often reference is made only to the “Solowmodel. Both Solow...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 263–281.
Published: 01 December 2009
... Commission on Environment and Development (WCED). 1987 . Our Common Future . Oxford: Oxford University Press. Hotelling, Rawls, Solow: How Exhaustible Resources Came to Be Integrated into the Neoclassical Growth Model Guido Erreygers My idea of heaven is an occasion when a piece...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 229–251.
Published: 01 December 2014
...Verena Halsmayer Combining concrete policy-oriented modeling strategies of World War II with what was received as traditional neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning “design” model that served many different purposes. As a working object, it...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 67–87.
Published: 01 December 2009
... conditions a growing economy could realize full capacity utilization and full employment. Solow's neoclassical model came into existence as a reaction to the approaches by Harrod and Domar and some problems associated with it, as in particular the enormous instability. Solow saw the main reason for this...
Journal Article
History of Political Economy (2019) 51 (3): 579–599.
Published: 01 June 2019
... quantified to the initial impulse of short-term economic fluctuations. From then on, they entailed a choice among competing models of business cycles. I allege that the Solow residual, highly malleable and easily decomposable from both a theoretical and an empirical point of view, turned to be a clear-cut...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 334–355.
Published: 01 December 2009
.... Cambridge: MIT Press. Hartley, James. 2006 . Kydland and Prescott's Nobel Prize: The Methodology of Time Consistency and Real Business Cycle Models. Review of Political Economy 18 : 1 –28. Hartley, James E. 2000 . Does the Solow Residual Actually Measure Changes in Technology? Review of...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 149–160.
Published: 01 December 2009
... Distribution William Darity Jr. At the close of his (justifi ably) famous 1956 QJE paper, Robert Solow referred to a set of qualifi cations for the model he had just presented in the preceding pages. The model was, of course, the well-known frame- work of steady-state, full-employment growth featuring...
Journal Article
History of Political Economy (2015) 47 (3): 395–417.
Published: 01 September 2015
...Michaël Assous Robert Solow has called repeatedly for the development of models that combine equilibrium and out-of-equilibrium outcomes, or what he calls medium-run macroeconomics. This essay recounts the history of his various attempts to address that issue. It starts in the early 1950s, when...
Journal Article
History of Political Economy (2020) 52 (5): 827–861.
Published: 01 October 2020
... Walrasian theory. To do so, we focus on Robert Solow’s contributions as a case study and examine the history of his lifelong criticism of what he called “axiomatics.” According to Solow, the axiomatic approach aims at founding economics on one general and complex model based on first principles or axioms...
Journal Article
History of Political Economy (2017) 49 (Supplement): 158–186.
Published: 01 December 2017
... General Equilibrium Modeling , edited by Dixon Peter B. Jorgenson Dale W. , 23 – 103 . Oxford : North-Holland . Dorfman Robert Samuelson Paul Solow Robert . 1958 . Linear Programming and Economic Analysis . New York : McGraw-Hill . Duarte Pedro Garcia . 2016...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 252–271.
Published: 01 December 2014
... that controversy from the perspective of MIT, trying to establish why Samuelson and Solow became so involved. It is argued that Robinson was challenging propositions about linear models and their relationship to models with smooth substitution, on which they had been working, in Samuelson’s case, since...
Journal Article
History of Political Economy (2020) 52 (5): 863–894.
Published: 01 October 2020
... that defines the saving ratio in the economy. However, the road connecting Solow to the Ramsey-Cass-Koopmans model is not so straightforward. We argue that in order to understand Koopmans’s contribution, we have to go to the activity analysis literature that started before Solow 1956 and never had him...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 285–303.
Published: 01 December 2009
...Roger J. Sandilands This paper evaluates Solow's neoclassical growth model and related empirical estimates of the sources of growth. Invoking Allyn Young, it is argued that the fundamental sources of growth cannot be measured by the value of factor inputs (including research inputs) without...
Journal Article
History of Political Economy (2017) 49 (3): 405–436.
Published: 01 September 2017
... reflected the terms of the debate about A. H. Hansen's stagnation thesis in the 1940s. The real economy was supposed to be stable, although the model itself was not perfectly consistent with that. The estimation of the “Residual” by Solow and others led Domar to rethink aspects of his original model...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 127–146.
Published: 01 December 2009
... input-output model” (Solow 1987). In the “Technical Change” article, besides William Fell- ner and Theodore Schultz, Leontief is thanked for his “stimulating suggestions.” 3. This ambivalence was reaffi rmed in his Nobel Prize lecture: “The fi rst few paragraphs of my 1957 article are thoroughly...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 1–23.
Published: 01 December 2009
... Smith, the modern analysis of growth using formal models began only in the middle of the twentieth century. Thanks largely to Robert Solow’s two articles, “A Contribution to the The- ory of Economic Growth” (1956) and “Technical Change and the Aggre- gate Production Function” (1957), growth...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 161–181.
Published: 01 December 2009
...., and R. M. Solow. 1956 . A Complete Capital Model Involving Heterogeneous Capital Goods. Quarterly Journal of Economics 70.4 : 537 –62. Sato, R. 1971 . Review of “Mathematical Theories of Economic Growth,” by E. Burmeister and A. R. Dobell. Journal of Economic Literature 9.2 : 482 –84...
Journal Article
History of Political Economy (1984) 16 (2): 175–186.
Published: 01 June 1984
... Keynesian ~ariant.~At the same time, as rational-expectations critics gleefully point out, Keynesianism (including Harrod) is under increasing pressure to assign corrective roles to market forces. 8. The Solow model is elevated to the status of alternative to Marxian Zusammenbruch (breakdown...