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来源类型Working Paper
规范类型报告
DOI10.3386/w13950
来源IDWorking Paper 13950
Trevor Swan And The Neoclassical Growth Model
Robert W. Dimand; Barbara J. Spencer
发表日期2008-04-16
出版年2008
语种英语
摘要Trevor Swan independently developed the neoclassical growth model. Swan (1956) was published ten months later than Solow (1956), but included a more complete analysis of technical progress, which Solow treated separately in Solow (1957). Reference is sometimes made to the "Solow-Swan growth model", but more commonly reference is made only to the "Solow growth model". This paper examines the history of Swan's development of the growth model, the similarities and differences between the approaches of Swan and Solow and the reasons why Swan's contribution has been overshadowed. We draw on unpublished work to show that in 1950, Swan was working on a growth model in a verbal format. In 1956, Swan published only a simplified version of his model based on a Cobb-Douglas production function, but Swan's original model (circulated July 1956 and published posthumously in 2002) was much more general. Swan's reluctance to publish was consistent with his perhaps counterproductive modesty and perfectionism. His well known paper, "Longer run problems of the Balance of Payments" was circulated in 1955, eight years before publication in 1963. His pioneering work in 1945, developing the first macroeconomic model of the Australian economy, was published posthumously in 1989.
主题Other ; History of Economic Thought ; Development and Growth ; Growth and Productivity
URLhttps://www.nber.org/papers/w13950
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/571622
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GB/T 7714
Robert W. Dimand,Barbara J. Spencer. Trevor Swan And The Neoclassical Growth Model. 2008.
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