We argue that a key empirical finding in environmental economics—the Environmental Kuznets Curve (EKC)—and the core model of modern macroeconomics—the Solow model—are intimately related. Once we amend the Solow model to incorporate technological progress in abatement, the EKC is a necessary by product of convergence to a sustainable growth path. We explain why current methods for estimating an ...

This study investigated the relationship among health expenditure, HIV prevalence and expansion of productive economic activities in West Africa using sub-regional aggregate time series data from 1992 to 2020. The augmented Solow growth model was adopted enable us understand maximize both theoretical empirical anatomy as it relates with disaggregated expenditure context a theory conveniently ap...

Determining the factors affecting economic growth for countries is of significant interest to the macroeconomist. In his classic article from 1956, Robert Solow proposed the model that has since become the modern standard for economic development models. His growth model, the Solow growth model, assumes a neoclassical production function with diminishing returns to capital, i.e. total income Y ...

For the United States economy (1960-1989), the correlation between the growth rates of the Solow residual and the real price of energy (government spending) is -0.55 (0.09). The Solow residual confounds movements in energy prices and government spending with those in true technology. Why? To address this question, this study develops a model to see if it quantitatively captures the endogenous t...

This paper studies the empirical relationship between population’s health and real GDP dynamics in low- middle-income countries. We employ a semi-parametric technique, which combines mixed panel data models cluster analysis to account for unobserved heterogeneity, an important source of estimation bias growth regressions. estimate version Solow model augmented with human capital, form both educ...

abstract the main purpose of this paper is to obtain the optimal amount of expenses of government relating to the protection of property rights (pprs). to achieve these purposes we have introduced concept of social intelligence with respect to pprs and then developed different growth model from existing literature. in the second step the optimal share of government spending on the pprs is calcu...

„Pontosan a növekedéselmélet az, amelyről beszélni akarok: önmagáért, az eredményeiért, lyukakért, amelyeket még be kell tömni … .” – mondta Robert M. Solow 1987-ben, Nobel-díjas előadása elején, és ez motivációja ennek tanulmánynak is. A modern úttörőinek tekinthető Bob Trevor Swan alapvető tanulmányai 66 évvel ezelőtt, 1956-ban jelentek meg. növekedési irodalom azóta elképesztően bővült. Ez i...

This paper considers a functional-coefficient spatial Durbin model with nonparametric spatial weights. Applying the series approximation method, we estimate the unknown functional coefficients and spatial weighting functions via a nonparametric two-stage least squares (or 2SLS) estimation method. To further improve estimation accuracy, we also construct a second-step estimator of the unknown fu...

Following Jonathan's suggestions, I made several changes to my rst draft. I included a comparison of the point ̇ estimates from my regression model (regressing the Solow residuals g on growth in human capital levels (HH )) to the corresponding estimates in Acevedo (2008). I also included some possible explanations for the di erence in our estimates. There were several typos in the introductory p...

R obert Solow’s (1956) neoclassical model reigns as the standard theory of economic growth. The Solow model begins with the assumption that capital accumulation is subject to diminishing marginal returns. It attributes sustained growth in national income per capita to technological progress that proceeds at a constant, exogenously given rate. Thus, it is an exogenous growth model. Recently, eco...