A glance at Solow’s growth theory

Daniele Schiliro'

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the growth theory of Robert Solow , which has been a point of reference of economic growth since the 1950s. First, the article analyzes the path-breaking model of growth contained in Solow’s article “A Contribution to the Theory of Economic Growth” published in The Quarterly Journal of Economics (1956). Second, it looks at the contribution of Solow to growth accounting and to the new method of studying capital formation in economic growth through the vintage approach. Therefore, the work analyzes the article “Technical Change and the Aggregate Production Function” published in The Review of Economics and Statistics (1957). In the latter publication, Solow, through the aggregate production function, tries to measure growth and provide an explanation of the nature of technical progress. The article also examines Solow’s 1960 essay “Investment and Technical Progress” based on the hypothesis of embodied technological progress and the vintage approach.

Keywords: Aggregate Production Function; Capital Accumulation; Solow’s Models of Growth; Technological Change (search for similar items in EconPapers)
JEL-codes: B22 E10 E23 O10 O33 (search for similar items in EconPapers)
Date: 2017-11
New Economics Papers: this item is included in nep-gro, nep-his, nep-hpe and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published in Journal of Mathematical Economics and Finance 2(5).3(2017): pp. 83-103

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:84531

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