Solow Growth Model: Exposition

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Model grew out of work by Robert Solow (and, independently, Trevor Swan) in 1956. • Describes ... See Coursebook Chapter 2 for details. ▫ We will .... 9. Solow Growth Model: Steady-State Growth Path. Concepts of dynamic equilibrium. • What is an appropriate concept of equilibrium in a model where variables like Y and K.

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