AK model
The AK model of economic growth is an endogenous growth model used in the theory of economic growth, a subfield of modern macroeconomics. In the 1980s it became progressively clearer that the standard neoclassical exogenous growth models were theoretically unsatisfactory as tools to explore long run growth, as these models predicted economies without technological change and thus they would eventually converge to a steady state, with zero per capita growth. A fundamental reason for this is the diminishing return of capital; the key property of AK endogenous-growth model is the absence of diminishing returns to capital. In lieu of the diminishing returns of capital implied by the usual parameterizations of a Cobb–Douglas production function, the AK model uses a linear model where output is
primaryTopic
AK model
The AK model of economic growth is an endogenous growth model used in the theory of economic growth, a subfield of modern macroeconomics. In the 1980s it became progressively clearer that the standard neoclassical exogenous growth models were theoretically unsatisfactory as tools to explore long run growth, as these models predicted economies without technological change and thus they would eventually converge to a steady state, with zero per capita growth. A fundamental reason for this is the diminishing return of capital; the key property of AK endogenous-growth model is the absence of diminishing returns to capital. In lieu of the diminishing returns of capital implied by the usual parameterizations of a Cobb–Douglas production function, the AK model uses a linear model where output is
has abstract
Das AK-Modell oder Rebelo-Mode ...... rgio Rebelo (1991) zurückgeht.
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El modelo AK de crecimiento ec ...... oría del crecimiento endógeno.
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Het AK-model voor de economisc ...... van de endogene groeitheorie.
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The AK model of economic growt ...... duce endogenous growth theory.
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АК-модель — эндогенная модель ...... исит от капиталовооружённости.
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Wikipage page ID
24,848,842
Wikipage revision ID
705,442,587
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Das AK-Modell oder Rebelo-Mode ...... rgio Rebelo (1991) zurückgeht.
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El modelo AK de crecimiento ec ...... tes del capital que implican l
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Het AK-model voor de economisc ...... gstem van kapitaal. In plaats
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The AK model of economic growt ...... linear model where output is
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АК-модель — эндогенная модель ...... исит от капиталовооружённости.
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AK model
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AK – модель
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AK-Modell
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AK-model
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Modelo AK
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