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The Solow Model of Economic Growth: Application to Contemporary Macroeconomic Issues book cover

1st Edition

The Solow Model of Economic Growth Application to Contemporary Macroeconomic Issues

By Paweł Dykas, Tomasz Tokarski, Rafał Wisła Copyright 2023
264 Pages 31 B/W Illustrations
by Routledge

264 Pages 31 B/W Illustrations
by Routledge

264 Pages 31 B/W Illustrations
by Routledge
Also available as eBook on:
In 1956, Solow proposed a neoclassical growth model in opposition or as an alternative to Keynesian growth models. The Solow model of economic growth provided foundations for models embedded in the new theory of economic growth, known as the theory of endogenous growth, such as the renowned growth models developed by Paul M. Romer and Robert E. Lucas in the 1980s and 90s. The augmentations of the... Read more

List of figures. List of tables. Author biographies. Introduction. R. M. Solow’s inspirations. The Solow model. Generalizations of the Solow model (the Mankiw-Romer-Weil and Nonneman-Vanhoudt models). Fiscal and monetary policy vs economic growth. Economic growth at returns to scale conditions. Bipolar growth models with investment flows. The gravity model of economic growth. Solow equilibrium at alternative trajectories of the number of workers. The Solow equilibrium at sine-wave investment rates. SIR-Solow model. References. Index.

Biography

Paweł Dykas is Associate Professor at the Department of Mathematical Economics of the Jagiellonian University, Krakow, Poland.

Tomasz Tokarski is Full Professor of Economics at the Department of Mathematical Economics of the Jagiellonian University, Krakow, Poland.

Rafał Wisła is Professor of Economics at the Department of Economics and Innovation of the Jagiellonian University, Krakow, Poland.

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