Solow vs. Solow : Machine Prices and Development

Machines are more expensive in poor countries, and the relation is pronounced. It is hard for a Solow (1956) type of model to explain the relation between machine prices and GDP given that in most countries equipment investment is under 10% of GDP. A stronger relation emerges in a Solow (1959) type of vintage model in which technology is embodied in machines

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Year of publication:	[2022]
Authors:	Jovanovic, Boyan ; Rob, Rafael
Publisher:	[S.l.] : SSRN
Subject:	Wachstumstheorie \| Growth theory \| Produktivität \| Productivity \| Neoklassisches Wachstumsmodell \| Neoclassical growth model \| Technischer Fortschritt \| Technological change \| Entwicklung \| Economic development

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Extent:	1 Online-Ressource (30 p)
Series:	NBER Working Paper ; No. w5871
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 1997 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

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