The Solow Model is overrated (for explaining catch-up growth)
basilhalperin.substack.com
Do poor countries *really* grow fast because they’re just accumulating capital (building more machines, etc), a la Solow? Isn’t that kind of crazy?Aren’t poor countries also catching up by **importing technology**?
The Solow Model is overrated (for explaining catch-up growth)
The Solow Model is overrated (for explaining…
The Solow Model is overrated (for explaining catch-up growth)
Do poor countries *really* grow fast because they’re just accumulating capital (building more machines, etc), a la Solow? Isn’t that kind of crazy?Aren’t poor countries also catching up by **importing technology**?