Despite the widespread popularity of the Solow growth model, much of the recent empirical work based on the classic framework misrepresents a crucial feature of the model. Namely, the growth rate of technological progress, assumed to be exogenous in the Solow model, is often identified as being constant across countries. This simplification of the behavior of technological progess runs counter ...

We present a Solow-type growth model without constant returns. The population is heterogeneous with respect to capital per head, rate of saving, depreciation, and growth. We employ a continuous version of the Shapley value to divide total output among the di¤erent groups. In contrast to the standard Solow model, or its endogenous growth manifestation (labelled AK-type growth models), there may ...

This paper reviews some of the theoretical and econometric issues involved in estimating growth models that include military spending. While the mainstream growth literature has not found military expenditure to be a significant determinant of growth, much of the defence economics literature has found significant effects. The paper argues that this is largely the product of the particular speci...

A possible alternative to the Solow-Swan model is some variant of a model of endogenous growth either in the form of the AK model developed by Romer (1986), Lucas (1988) and Rebelo (1991) or in the subsequent group of models by Romer (1990), Grossman and Helpman (1991a, b), and Aghion and Howitt (1992) that focus more explicitly on the determinants of technological change. In this article we st...

This paper proposes an alternative approach to economic growth with money. The production side is the same as the Solow model, the Ramsey model, and the Tobin model. But we deal with behavior of consumers differently from the traditional approaches. The model is influenced by the money-inthe-utility MIU approach in monetary economics. It provides a mechanism of endogenous saving which the Solow...

This paper investigates how the European integration process of central eastern European countries, which has been taking place since the 1990’s, affects their GDP growth. Based on an augmented Solow model, I estimate a convergence equation for a panel of ten countries over 16 years (19952010). In the regression, trade with the other European Union member states as a share of total trade serves...

This study explores the link between economic growth and penile length between 1960 and 1985. It estimates an augmented Solow model utilizing the Mankiw-Romer-Weil 121 country dataset. The size of male organ is found to have an inverse U-shaped relationship with the level of GDP in 1985. Economic development between 1960 and 1985 is negatively associated with the size of male organ. With consid...

Tuberculosis remains one of the most devastating diseases in the world, affecting people of all ages across the globe. This paper reviews the economic literature dealing with the theoretical and empirical links between poor health and low productivity, both at an individual and national level. It then conducts panel data analysis covering 91 countries, using an augmented Solow growth model and ...

This paper uses model-based recursive partitioning to study economic growth in the 255 European Union NUTS2 regions over the period 1995–2005. The starting point of the analysis is a human-capital augmented Solow-type growth equation similar in spirit to Mankiw et al. (1992). Initial GDP and the share of highly educated in the working age population are found to be important for explaining econ...