The Solow Model With Technological Progress

Описание к видео The Solow Model With Technological Progress

This video contains a discussion of the Solow model of economic growth with technological progress and with population growth. I show that this version of the Solow model can explain convergence periods, long-run economic growth, and, to some extent, cross-country income differences.


The slides are based on chapter 4 of the book

Prettner, K., Bloom, D.E. (2020). Automation and Its Macroeconomic Consequences. Theory, Evidence, and Social Impacts. Elsevier, Amsterdam, NL.


For the simplified version of the Solow model without technological progress and without population growth, please see the following video:    • The Solow Model  

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