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What are neo-classical growth models? What distinguishes the Solow from the HD model? Assumptions of the Solow model Implications of the Solow model Empirical evidence

  • What are neo-classical growth models?
  • What distinguishes the Solow from the HD model?
  • Assumptions of the Solow model
  • Implications of the Solow model
  • Empirical evidence
  • Criticism of the model / failure of the model
  • A simple mathematical representation of the model (sensitivity analysis: of the model e.g. how changes in savings, labour, and depreciation affects the model)
  • What is Capitals deepening and capital widening?
  • What is Solow's explanation of sustained per-capita economic growth?

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