The Solow Growth Model

Vikram Dayal

Chapter Chapter 12 in An Introduction to R for Quantitative Economics, 2015, pp 85-92 from Springer

Abstract: Abstract We use the mosaic package to visualize the Solow model and also to compute and plot the values of capital stock over time. We will explore a dataset on long term economic growth, available online at the Maddison Project website. We see time series data of per capita GDP for several leading economies, going back to 1900! We then see how the distribution of income among countries of the world has changed in more recent decades.

Keywords: Mosaic package; Solow growth model; Differential equations (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-81-322-2340-5_12

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DOI: 10.1007/978-81-322-2340-5_12

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