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  2. Solow–Swan model - Wikipedia

    en.wikipedia.org/wiki/SolowSwan_model

    The Solow–Swan model or exogenous growth model is an economic model of long-run economic growth. It attempts to explain long-run economic growth by looking at capital accumulation , labor or population growth , and increases in productivity largely driven by technological progress.

  3. Golden Rule savings rate - Wikipedia

    en.wikipedia.org/wiki/Golden_Rule_savings_rate

    In the Solow growth model, a steady state savings rate of 100% implies that all income is going to investment capital for future production, implying a steady state consumption level of zero. A savings rate of 0% implies that no new investment capital is being created, so that the capital stock depreciates without replacement.

  4. Trevor Swan - Wikipedia

    en.wikipedia.org/wiki/Trevor_Swan

    Trevor Winchester Swan (14 January 1918 – 15 January 1989) was an Australian economist.He is best known for his work on the Solow–Swan growth model, published simultaneously by American economist Robert Solow, for his work on integrating internal and external balance as represented by the Swan Diagram, and for pioneering work in macroeconomic modeling, which predated that of Lawrence Klein ...

  5. Robert Solow, Nobel laureate and founder of modern economic ...

    www.aol.com/finance/robert-solow-nobel-laureate...

    Nobel laureate Robert Solow, credited as the founder of the modern model of economic growth, died on Thursday at the age of 99. Through his writings in the 1950s, Solow challenged traditional ...

  6. Robert Solow - Wikipedia

    en.wikipedia.org/wiki/Robert_Solow

    Robert Merton Solow, GCIH (/ ˈ s oʊ l oʊ /; August 23, 1924 – December 21, 2023) was an American economist and Nobel laureate whose work on the theory of economic growth culminated in the exogenous growth model named after him.

  7. Uzawa's theorem - Wikipedia

    en.wikipedia.org/wiki/Uzawa's_Theorem

    Uzawa's theorem, also known as the steady-state growth theorem, is a theorem in economic growth that identifies the necessary functional form of technological change for achieving a balanced growth path in the Solow–Swan and Ramsey–Cass–Koopmans growth models. It was proved by Japanese economist Hirofumi Uzawa in 1961. [1]

  8. Cambridge capital controversy - Wikipedia

    en.wikipedia.org/wiki/Cambridge_capital_controversy

    The model was developed separately and independently by Robert Solow [12] and Trevor Swan [13] in 1956, in response to the supposedly Keynesian Harrod–Domar model. Solow and Swan proposed an economic model of long-run economic growth set within the framework of neoclassical economics.

  9. Small business optimism climbs to 3-year high - AOL

    www.aol.com/news/small-business-optimism-climbs...

    (The Center Square) – A small business advocacy group wants Ohio lawmakers to capitalize on growing optimism as one session ends and another nears a beginning. For the first time in nearly three ...