Salow-Swan neoclassical growth model

[Truthmatters]

Neoclassical growth model - Wikipedia, the free encyclopedia


In 1987, Solow received the Nobel Prize in Economics for his work. Solow was also the first economist to develop a growth model which distinguished between vintages of capital.[4] In Solow's model, new capital is more valuable than old (vintage) capital because—since capital is produced based on known technology, and technology improves with time—new capital will be more productive than old capital.[4] Both Paul Romer and Robert Lucas, Jr. subsequently developed alternatives to Solow's neo-classical growth model.[4] Today, economists use Solow's sources-of-growth accounting to estimate the separate effects on economic growth of technological change, capital, and labor.[4]

 

[Truthmatters]

translation for those who are struggling to understand the importance of this information:

New technologies and information increase economic growth.


The technology that has kept us on top of the world economically was in large part produced by government funded research.


The CEOs and Corps OWE this country a portion for their success and profit DIRECTLY!

 

[Truthmatters]

Education has been done through the government for most of this countrys existance.

Every educated population produces more economically.


There is NO corporation American or not that doesnt owe this country part of theior success.


The ones who are here should pay their fair share.

The people who run them OWE this country for their success

 

[Truthmatters]

So they use the roads and airways we provide.

They use the developments of a couple of hundered years of American reseach.

They use our education system to train their employees.

They use the protection of our military.

They use the protection of our police.

They use the protection of our firefighters.

They use the protections of our inspections of a wide range of industries.

They use are railways.

They use our airwaves.


But the right will claim these people did it all on their own.


Alone with 200 years of American ingenuity and hard work.


The right belittles this country and its accomplishments.

 

[Truthmatters]

the right has no naswer to these facts do you?

 

[hortysir]

the right has no naswer to these facts do you?

I could instantly tell, just by the title, that you copy/pasted the article.

And I haven't answered because you've done a splendid job answering yourself in this little corner of the web, all by yourself

 

[Full-Auto]

So they use the roads and airways we provide.

They use the developments of a couple of hundered years of American reseach.

They use our education system to train their employees.

They use the protection of our military.

They use the protection of our police.

They use the protection of our firefighters.

They use the protections of our inspections of a wide range of industries.

They use are railways.

They use our airwaves.


But the right will claim these people did it all on their own.


Alone with 200 years of American ingenuity and hard work.


The right belittles this country and its accomplishments.

My god you are so full of shit it is becoming the eighth wonder of the world.

You mean to tell me a business uses the same roads I drive on? You mean to say they have an added advantage of paying more for using those roads because they own trucks and send employees on them.

OMG Call the national guard.

 

[Truthmatters]

they use them far more than you do.

They increase dramatically the wear on our infrastructure

 

[hortysir]

Education has been done through the government for most of this countrys existance.

Every educated population produces more economically.


There is NO corporation American or not that doesnt owe this country part of theior success.


The ones who are here should pay their fair share.

The people who run them OWE this country for their success

And I suppose you think this education was given freely, with no corporation paying taxes for the institution of this education.

How can anybody OWE the government for something that they have PAID for?

 

[Truthmatters]

If they are paying no taxes then how are they paying?

 

[hortysir]

If they are paying no taxes then how are they paying?

Who isn't paying taxes in one way or another?

Or is it that you don;t like the way some do pay their taxes?

 

[Truthmatters]

Your whole party tries endlessly to reduce the taxes of the very people who benifit most from this government and its present and past works.

There were be no computors if it were not for NASA

 

[Truthmatters]

They OWE their vast successes to government reseach and protections

 

[hortysir]

Your whole party tries endlessly to reduce the taxes of the very people who benifit most from this government and its present and past works.

There were be no computors if it were not for NASA

Is it true or false that the US has one of the world's highest corporate tax rates?
Your government is getting it's tax revenue from corporations, however these companies choose to absorb it.

 

[Full-Auto]

they use them far more than you do.

They increase dramatically the wear on our infrastructure

I guess the fact they already pay more went sailing over your head.

 

[Truthmatters]

Paaying more means NOTHING.

They have to be made to pay the correct amount to factor in the cost to government for there use of the infrastructure.

Otherwise you pay it for them

 

[Full-Auto]

Paaying more means NOTHING.

They have to be made to pay the correct amount to factor in the cost to government for there use of the infrastructure.

Otherwise you pay it for them

Actually its you that needs to pay more. Just to keep the facts straight.

Your lack of knowledge really shows.

 

[hortysir]

They OWE their vast successes to government reseach and protections

Bullshit, and you *should* know it.

The private sector has done scads more research than your beloved government.

Did the Wright brothers use gov't dollars?
Henry Ford?
Bill gates?



I've dealt with your drooling ramblings long enough?


Who, exactly fed you this bullshit?

Because I know damned well your OP has too many big words in it for you to fully comprehend what you're passing along.



Here's a simple little read for you:

German GDP and WWII | The Market Financial | Stock Market & Wall Street News

It is important to stress that the mainstream models such as Solow model and its successors are all based on an assumption that the rate of real economic growth is asymptotically constant. This assumption is empirically wrong and is rejected by statistical tests. We made no theoretical assumptions and our model came directly from data and was formulated at the initial stage of our empirical study. Therefore, we have a model that fits observations best.

 

[Truthmatters]

insults and no real arguement for your position?


What a surprize.

And you wonder who it is that raises the bullying kids in this country.

 

[hortysir]

Paaying more means NOTHING.

They have to be made to pay the correct amount to factor in the cost to government for there use of the infrastructure.

Otherwise you pay it for them

So what is the "correct amount" if MORE isn't enough?

How much are willing to chip in from your trailer park income?