What Really Happens in the Solow Model: Technological Progress Versus Population Growth?

Kevin Quinn and John Hoag

The American Economist, 2013, vol. 58, issue 2, 149-152

Abstract: We develop a graphical framework that allows students to easily see that a change in the growth rate of population and the growth rate of efficiency of labor have different impacts on the time path of capital and output per unit of labor.

Keywords: Solow Growth Model; technology; population; development; teaching (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:58:y:2013:i:2:p:149-152

DOI: 10.1177/056943451305800207

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