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, Franklin Fisher, Duncan Foley, Lawrence Klein, Franco Modigliani, and Robert Solow, all MIT faculty or students, have attracted …
Persistent link: https://www.econbiz.de/10011617485
subsequently rejected as too simplistic and replaced with Solow’s neoclassical growth model. The rejection process of first … a growing economy, mainstream economists quickly reduced their model to a supply side-only growth model, which they … diminishing the model and then replaced it with a neoclassical alternative was similar to how the full Keynesian macroeconomic …
Persistent link: https://www.econbiz.de/10010888045
The agricultural sector plays an important and a vital role in achieving the economic growth, furthermore, the labor …, i.e., Cobb-Douglas, restricted Cobb-Douglas, Solow, Transcendental Logarithmic Production Functions. Also estimated …
Persistent link: https://www.econbiz.de/10011258945
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hecho adicional a la que surge del propio modelo de Solow, mediante uno casi similar pero ampliado con la hipótesis de una … influencia positiva del capital sobre la tasa de ahorro. El modelo así modificado, un modelo cuasi-Solow", puede generar un caso …
Persistent link: https://www.econbiz.de/10009399688
Peter Diamond has made fundamental contributions to economic theory over a wide range of areas including search theory and its implications for unemployment (for which he was awarded the Nobel Memorial Prize), optimal taxation, which he pioneered with James Mirrlees, incomplete markets and their...
Persistent link: https://www.econbiz.de/10009415650
La compréhension des phénomènes économiques nécessite de prendre en compte plusieurs échelles de temps simultanément. Nous étudions le cas d'un modèle simple d'épargne, où plusieurs échelles de temps caractéristiques coexistent. Nous montrons qu'il est possible de séparer les...
Persistent link: https://www.econbiz.de/10009418529
Persistent link: https://www.econbiz.de/10012261108
Persistent link: https://www.econbiz.de/10014364939
This paper offers a retrospective view of the key pillar of Solow's neoclassical growth model, namely the aggregate … Robert Solow in the field. Today, these criticisms are not even mentioned when students are introduced to (neoclassical …) growth theory, which is presented in most economics departments and macroeconomics textbooks as the only theory worth …
Persistent link: https://www.econbiz.de/10014500314