Nobel laureate Robert Solow, credited as the founder of the modern model of economic growth, died on Thursday at the age of 99. Through his writings in the 1950s, Solow challenged traditional thinking ...

Long-run economic growth hinges on technological progress, a core insight of Robert Solow's renowned Growth Model. The model argues that once an economy reaches a "steady state," growth can't be ...

His elegant work established that the main determinant of economic growth was technology, not growing capital and labor. By Robert D. Hershey Jr. and Michael M. Weinstein Robert M. Solow, who won a ...

Ghanaians see the evidence of economic wear-and-tear every day. Potholes often appear soon after a road project is commissioned. Power plants operate below capacity within a decade. Irrigation ...

Economic Theory, Vol. 29, No. 2, Symposium in Honor of Mukul Majumdar (Oct., 2006), pp. 341-362 (22 pages) We highlight two features of undiscounted optimal growth in the context of a two-sector model ...