Neo-Classical Growth Theory Explained | Solow-Swan Model Simplified
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Neo-Classical Growth Theory Explained | Solow-Swan Model Simplified
The Neo-Classical Growth Theory, developed by Robert Solow and Trevor Swan (1956), explains how economies grow over time through capital accumulation, labor expansion, and technological progress. This video covers the key assumptions, core equations, steady-state concept, and policy implications of the Solow-Swan model. You’ll learn: What ...
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