The neoclassical growth model, also known as the Solow–Swan growth model or exogenous growth model, is a class of economic models of long-run economic growth set within the framework of neoclassical economics. Neoclassical growth models attempt to explain long run economic growth by looking at productivity, capital accumulation, population growth, and technological progress.
Read more about Neoclassical Growth Model: Development of The Model, Graphical Representation of The Model, Mathematical Framework, Empirical Evidence
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