Answer to Question #58808 in Macroeconomics for abin george jacob
would like to know the solow model during Spain's 2007-08 crisis?
The Solow-Swan model is an exogenous growth model, an economic model of long-run economic growth set within the framework of neoclassical economics. The model projects between a 0.48% and 2.30% GDP per capita growth with an average 1.26% GDP growth across all scenarios over the next 25 years. Despite these potential institutional changes, Spain’s attractiveness as a place to invest is limited at best.