A beginner's guide to the Solow model

被引:3
作者
Stein, Sheldon H. [1 ]
机构
[1] Cleveland State Univ, Cleveland, OH 44115 USA
关键词
depreciation; economic growth; investment; savings; steady state; stock-flow adjustment;
D O I
10.3200/JECE.38.2.187-193
中图分类号
F [经济];
学科分类号
02 ;
摘要
The Solow model is widely regarded as the workhorse model of the theory of economic growth. Although at one point this model was first encountered in graduate school, it has since filtered down to the intermediate and, occasionally, to the principles of macroeconomics course. Many have commented on how difficult it is to teach the Solow model to undergraduates, especially to students in the principles of macroeconomics course. The author demonstrates that under the assumption that the level of savings is autonomous, the essence of the stock-flow adjustment of the Solow model becomes much easier to comprehend.
引用
收藏
页码:187 / 193
页数:7
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