The Solow Model

  • Michael Bräuninger
Part of the Contributions to Economics book series (CE)


In this chapter we will analyse the dynamics of budget deficits, public debt and economic growth in a model with an AK production. This is a particularly simple way to capture the basic ideas of endogenous growth models, as they are developed in Romer (1986, 1987, 1990) and Lucas (1988). See Barro and Sala-i Martin (1995) and Aghion and Howitt (1998) for detailed expositions of different endogenous growth models.


Output Growth Public Debt Budget Deficit Capital Growth Capital Ratio 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer-Verlag Berlin Heidelberg 2003

Authors and Affiliations

  • Michael Bräuninger
    • 1
  1. 1.Institut für Theoretische VolkswirtschaftslehreUniversität der Bundeswehr HamburgHamburgGermany

Personalised recommendations