La teoria neoclassica della crescita e della distribuzione (Neoclassical Theory of growth and Income Distribution)

Robert M. Solow


The paper surveys the neoclassical theory of growth. As a preliminary, the meaning of the adjective "neoclassical" is discussed. The basic model is then sketched, and the conditions ensuring a stationary state are illustrated. The issue of the convergence to a stationary state (and that of the speed of convergence) is further considered. A discussion of "primary factors" opens the way to the "new" theory of growth, with endogenous technical progress. A number of extensions of the basic model are then recalled: two-sector and multi-sectoral models, overlapping generations models, the role of money in growth models.     



JEL Codes: O41, E25

Keywords: Distribution, Growth, Income Distribution, Income

Parole chiave

Distribution, Growth, Income Distribution, Income

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