Solow Growth Model Simulator |
Version | v0.1.0 | |
|---|---|---|---|
| Updated | |||
| Author | Brendan Heaney | Source | Monospace Web |
The Solow-Swan Model, often simply called the Solow Model, is an economic model that attempts to explain long run economic growth by capital accumulation and growth in productivity. It typically uses the Cobb-Douglas production function, with constant returns to scale and diminishing marginal utility of Capital and Labor. This tool lets you tweak the paramaters to see how they affect the evolution of the long-run economy.
Mankiw, N. Gregory. 2016. Principles of Microeconomics. 8th ed. Mason, OH: CENGAGE Learning Custom Publishing.
I've enjoyed putting together this website. Full credit to the Monospace Web, who created the template used for this.
If you'd like to contact me, my information is below
Personal Email: brendantheaney@gmail.com
University Email: bheaney@binghamton.edu