The Solow Model and Standard of Living
All across the world, living standards vary significantly. The Solow growth model, developed by Nobel Prize winning economist Robert Solow in 1956, is still one of the most commonly used models in economics to explain economic growth. This paper will outline the Solow growth model, and its assertion...
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| Format: | Article |
| Language: | English |
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University of South Florida
2017-03-01
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| Series: | Undergraduate Journal of Mathematical Modeling: One + Two |
| Online Access: | https://scholarcommons.usf.edu/ujmm/vol7/iss2/5/ |