The Solow model of economic growth (Solow, 1956, Swan, 1956) concludes that poorer countries will tend to grow faster than richer ones-provided that countries share the same production function, savings rate and population growth, and labor-augmenting technology grows at the same rate in all countries. The existence of income convergence has thus been usually taken to be a test of exogenous growth model versus endogenous growth models-that do not...
更多显示
详细
-
2008/01/01
-
简介
-
46268
-
1
-
1
-
2010/07/01
-
Disclosed
-
Growth and income convergence
-
steady state level