Romer model: Difference between revisions
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The Romer model is a [[long-run economic growth model]]. | The Romer model is a [[long-run economic growth model]]. | ||
==Mathematical formalism== | |||
In addition to the equations for the Solow–Swan model, there is an equation describing the discovery of new ideas: | |||
:<math>\dot A = \bar \theta L_A</math> | |||
==See also== | ==See also== | ||
Revision as of 20:51, 16 September 2017
The Romer model is a long-run economic growth model.
Mathematical formalism
In addition to the equations for the Solow–Swan model, there is an equation describing the discovery of new ideas:
