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Ghana’s Struggle with Depreciation and Growth in the Solow Model
Ghanaians see the evidence of economic wear-and-tear every day. Potholes often appear soon after a road project is commissioned. Power plants operate below capacity within a decade. Irrigation ...
His elegant work established that the main determinant of economic growth was technology, not growing capital and labor. By Robert D. Hershey Jr. and Michael M. Weinstein Robert M. Solow, who won a ...
How do societies become richer? Robert Solow, an American economist who died Thursday at age 99, said technical progress and innovation were a core reason economies grew and people became prosperous.
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