Solow's Growth Convergence Model.

Format:

Video

Series:

Macroeconomics for a Sustainable Planet

Language:

English

Physical Description:

1 online resource (15 minutes)

Place of Publication:

[Place of publication not identified] : SDG Academy, 2017.

Language Note:

In English.

System Details:

video file

Summary:

In this video, Prof. Larraín explains Solow's Growth Behavioral Model. He explains terms such as capital stock, investment, marginal productivity of capital and capital-labour ratio. He does so using production functions and the capital labor ratio. There is a consideration of population growth, capital stock per worker, depreciation, and saving. Exogenous growth is a given in Solow’s model, and technological progress can be incorporated into the model. There is a discussion about whether convergence of poor countries has happened.

Notes:

Title from resource description page (viewed June 24, 2026).