Role of productivity in explaining cross-country
Course:- Other Subject
Reference No.:- EM13843315

Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Other Subject

Solow growth model - extended

Write a 500 word essay on how the Solow model informs us on the role of productivity in explaining cross-country differences.

Discuss the related idea of the public nature of technological capability and what that means for cross-country differences in productivity.


Verified Expert

Preview Container content


The Solow model of economic growth is a model that explains the long run economic growth of a country set within the framework of neo-classical economics. The main idea of the Solow growth model is to study the long run economy by considering the capital accumulation, labour, population and productivity. The Solow model says that there no prices because the real requirement is output which is the real income.

The Solow model of economic growth takes into account a number of factors and gives out a result based on number of assumptions. When the Solow model of economic growth is looked upon as a cross country difference model.

It predicts that in cases of steady output per person, the cross country differences are a result of international differences in technology such that the capital output ratio is constant for international differences in steady state capital intensities.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Other Subject) Materials
Should members of the administration be called to have as large of a role as faculty members with respect to changing how a campus “feels” toward minority individuals? Please
Make a presentation that explains how interferometry is used in radio telescope arrays. Illustrate your answer by describing one array and providing a map of its physical la
Specify which of a good explanation it violates. The standard requires that a good explanation be explanatory, deep, powerful, falsifiable, modest, simple, and conservative.
Your task is to perform a t-test on the data above and, explains: (1) the probability of getting the results above if the null hypothesis is true; and (2) what this tells us
Identify five (5) clinical or service quality studies an HMO might conduct. Explain why they would be helpful to the quality improvement process of the HMO. You may contact
Today, Japan supports a successful democracy. The first of its kind in East Asia. It has seen rapid economic growth into the 1980s before stalling in the 1990s.
How has the legacy of slavery impacted African Americans/people of African descent's ability to secure economic and social stability? What role does the media and education p
Childhood Issues: How might the church be best addressing these types of struggles? In what ways do children and youth ministries gain support with more challenging children