A Child's Guide to the Solow Model

17 Pages Posted: 30 Mar 2004

See all articles by Sheldon H. Stein

Sheldon H. Stein

Cleveland State University - Economics

Date Written: March 20, 2004

Abstract

The Solow model is widely regarded as the workhorse model of the theory of economic growth. While at one point this model was something first confronted by graduate students, it has filtered down to the intermediate and sometimes to the principles of macroeconomics course. Many have commented on how difficult it is to teach the Solow model to undergraduates, especially to students in the principles of macroeconomics course. In this paper, we demonstrate that if we assume that the level of savings is autonomous, the essence of the stock-flow adjustment of the Solow model becomes much easier to comprehend.

JEL Classification: A22, E10, O40

Suggested Citation

Stein, Sheldon H., A Child's Guide to the Solow Model (March 20, 2004). Available at SSRN: https://ssrn.com/abstract=522082 or http://dx.doi.org/10.2139/ssrn.522082

Sheldon H. Stein (Contact Author)

Cleveland State University - Economics ( email )

Cleveland, OH 44115
United States
216-687-4537 (Phone)
216-687-9206 (Fax)

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