Despite the widespread popularity of the Solow growth model, much of the recent empirical work based on the classic … framework misrepresents a crucial feature of the model. Namely, the growth rate of technological progress, assumed to be … exogenous in the Solow model, is often identified as being constant across countries. This simplification of the behaviour of …

What is a good reduced-form representation of Ramsey-Cass-Koopmans. (RCK) model? Solow's model (despite non …-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK …

What is a good reduced-form representation of Ramsey-Cass-Koopmans. (RCK) model? Solow's model (despite non …-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK …

This paper shows how and why the Solow growth accounting framework is useful for linking entrepreneurship capital to … economic growth. The knowledge filter impedes the spillover of knowledge for commercialization, thereby weakening the impact of … knowledge investments on economic growth. By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link …

Despite the widespread popularity of the Solow growth model, much of the recent empirical work based on the classic … framework misrepresents a crucial feature of the model. Namely, the growth rate of technological progress, assumed to be … exogenous in the Solow model, is often identified as being constant across countries. This simplification of the behavior of …

growth models, introduced by Solow, Harrod-Domar, Barro and Romer, for the Turkish economy by applying the Seemingly … the models in question. With the help of different exogenous variables, economic growth theories are trying to explain the … same endogenous variable, namely, economic growth. The primary objective of this study is to test the joint validity of the …

accumulation and economic growth are two sides of the same process. Accumulation generates growth and growth fuels accumulation, so … it seems bootless to ask whether capitalists want growth. Growth is their lifeline, and the more of it, the better it is … growth decelerates, the income share of the Top 1% – which includes the capitalists as well as their protective power belt …

Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play … paper argues that a reality-based growth theory must reject neoclassical principles in favour of a power-centered approach … growth process. I hypothesize that the role of capital accumulation (through profit) is to facilitate hierarchy formation by …