Solow model

 

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Solow model

The neoclassical growth model. Also called the Solow-Swan Model.



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Solow residual

Solow residual

A measure of technological progress equal to the difference between the rate of growth of output and the weighted average of the rates of growth of capital and labor, with factor income shares as weights. Due to Solow (1957). Also called the growth of total factor productivity. Used to compare sources of growth across countries.


Solow neutral

Solow neutral

A particular specification of technological change or technological difference that is capital augmenting.




 
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