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What Really Happens in the Solow Model: Technological Progress Versus Population Growth?

Author

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  • Kevin Quinn
  • John Hoag

Abstract

We develop a graphical framework that allows students to easily see that a change in the growth rate of population and the growth rate of efficiency of labor have different impacts on the time path of capital and output per unit of labor.

Suggested Citation

  • Kevin Quinn & John Hoag, 2013. "What Really Happens in the Solow Model: Technological Progress Versus Population Growth?," The American Economist, Sage Publications, vol. 58(2), pages 149-152, November.
    • Handle: RePEc:sae:amerec:v:58:y:2013:i:2:p:149-152
    DOI: 10.1177/056943451305800207
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