منابع مشابه
Solow ’ s Model of Economic Growth
Robert Solow received the 1987 Nobel Prize in economics for developing the leading model of economic growth. The model is based on the premise that cross-country differences in income per person are the result (primarily) of differences in national savings rates (savings finances increases in the capital stock). We illustrate its properties and show how it can be used as a tool for exploring th...
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ing from money, meaning everything is denominated in units of goods, e.g. fruit). Total cost is the wage bill plus the capital bill. Let wt be the real wage rate – it is the number of goods the firm must pay each unit of labor. Let Rt be the real “rental rate” – it is the number of goods the firm must give up to lease a unit of capital. The firm is a price-taker, so it takes these as given. Pro...
متن کاملTax Evasion and Economic Growth – A Neutrality Result
An endogenous growth model is examined where individuals optimize consumption and tax evasion over time given the tax structure and tax compliance policy of the government. Applying methods of stochastic optimal control, the individual’s problem is solved and the rate of economic growth is derived. It is shown that for a given tax policy tax evasion spurs growth because it leads to higher savin...
متن کاملWhat Does The Solow Model Tell Us About Economic Growth ? : Complete and Partial Cross - country
This paper presents, within a framework of the Solow model, evidence that there should be two different reasons for convergence. One is due to diminishing returns to capital and the other is due to technological diffusion. This paper shows that OECD and low income countries follow a pattern of conditional convergence but middle income countries do not. This seems to imply that technological dif...
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Introduction To better understand biodiversity scaling, it may be useful to characterize the biodiversity scaling relationships that arise from the neutral perspective. This exercise will help in formulating quantitative null hypotheses for observed biodiversity scaling relationships. Here we use the term biodiversity to refer not only to species richness, but also to relative species abundance...
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ژورنال
عنوان ژورنال: Economic Research-Ekonomska Istraživanja
سال: 2021
ISSN: 1331-677X,1848-9664
DOI: 10.1080/1331677x.2021.1875860