Exact solutions for a Solow-Swan model with non-constant returns to scale

Cangiotti, Nicolò; Sensi, Mattia

doi:10.1007/s13226-022-00341-7

Cited by 2 publications

(1 citation statement)

References 33 publications

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“…Robert Solow and Trevor Swan in 1956 have put forward a theory of economic growth which is known as the Solow-Swan theory (Piętak, 2014). This theory makes a major contribution to neoclassical economics (Cangiotti & Sensi, 2020).This theory states that economic growth depends on the level of technological progress and the provision of production factors which include population, labor and capital accumulation (Anitasari & Soleh, 2015). Solow-Swan describes economic growth by focusing on technical development.…”

Section: Solow-swan Theorymentioning

confidence: 99%

The Effect of Government Expenditure on Economic Growth in Indonesia

Maulid

Bawono

Sudibyo

2021

EKU

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This study aims to examine and analyze the effect of economic growth classified as personnel expenditure, material expenditure, capital expenditure, interest payments, subsidies and social expenditure in Indonesia. The data in this study are time series data from 2005 to 2019. The hypothesis test uses the multiple linear regression method with SPSS 26. The results of testing government expenditure variables during the period 2005 to 2019 shows that components of central government expenditure include personnel, material, capital, interest payments, subsidies and social expenditure have a significant effect simultaneously on economic growth. There is a significant positive effect on the relationship between the variable personnel expenditure and material expenditure on economic growth. There is a significant negative effect on the relationship between the variable capital expenditure on economic growth. The other three variables, which include debt interest payments, subsidies and social expenditure, do not have a significant effect on economic growth.

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Section: Solow-swan Theorymentioning

confidence: 99%