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The Solow Growth Model is a standard neoclassical model of economic growth. Developed by Robert Solow, it has three basic sources for GDP: labor (L), capital (K) and knowledge (A). "Knowledge" is a sort of catch-all category used to augment labor (AL), called "effective labor".

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  • Solow Growth Model
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  • The Solow Growth Model is a standard neoclassical model of economic growth. Developed by Robert Solow, it has three basic sources for GDP: labor (L), capital (K) and knowledge (A). "Knowledge" is a sort of catch-all category used to augment labor (AL), called "effective labor".
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  • The Solow Growth Model is a standard neoclassical model of economic growth. Developed by Robert Solow, it has three basic sources for GDP: labor (L), capital (K) and knowledge (A). "Knowledge" is a sort of catch-all category used to augment labor (AL), called "effective labor".
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