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The Solow–Swan model or exogenous growth model is an economic model of long-run economic growth. It attempts to explain long-run economic growth by looking at capital accumulation, labor or population growth, and increases in productivity largely driven by technological progress. At its core, it is an aggregate production function, often ...
Capital Group is an American financial services company. It ranks among the world's oldest and largest investment management organizations, with over $2.6 trillion in assets under management . Founded in Los Angeles , California in 1931, it is privately held and has offices around the globe in the Americas , Asia , Australia and Europe .
The idea of convergence in economics (also sometimes known as the catch-up effect) is the hypothesis that poorer economies ' per capita incomes will tend to grow at faster rates than richer economies. In the Solow-Swan growth model, economic growth is driven by the accumulation of physical capital until this optimum level of capital per worker ...
The Harrod–Domar model makes the following a priori assumptions: 1: Output is a function of capital stock only (labor is irrelevant). 2: The marginal product of capital is constant; the production function exhibits constant returns to scale. This implies capital's marginal and average products are equal. 3: Capital is necessary for output.
696. ISBN. 978-0674430006. Capital in the Twenty-First Century ( French: Le Capital au XXIe siècle) is a book written by French economist Thomas Piketty. It focuses on wealth and income inequality in Europe and the United States since the 18th century. It was first published in French (as Le Capital au XXIe siècle) in August 2013; an English ...
This is a list of countries by GDP (real) per capita growth rate, i.e., the growth rate of GDP per capita or the rate of increase of income per person. These numbers are corrected for inflation but not for purchasing power parity .
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