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- AK_model abstract "The AK model of economic growth is an endogenous growth model used in the theory of economic growth, a subfield of modern macroeconomics. In the 1980s it became progressively clearer that the standard neoclassical exogenous growth models were theoretically unsatisfactory as tools to explore long run growth, as these models predicted economies without technological change and thus they would eventually converge to a steady state, with zero per capita growth. A fundamental reason for this is the diminishing return of capital; the key property of AK endogenous-growth model is the absence of diminishing returns to capital. In lieu of the diminishing returns of capital implied by the usual parameterizations of a Cobb–Douglas production function, the AK model uses a linear model where output is a linear function of capital. Its appearance in most textbooks is to introduce endogenous growth theory.".
- AK_model wikiPageID "24848842".
- AK_model wikiPageLength "5373".
- AK_model wikiPageOutDegree "26".
- AK_model wikiPageRevisionID "705442587".
- AK_model wikiPageWikiLink Category:Economic_growth.
- AK_model wikiPageWikiLink Category:Economics_models.
- AK_model wikiPageWikiLink Category:Economics_terminology.
- AK_model wikiPageWikiLink Cobb–Douglas_production_function.
- AK_model wikiPageWikiLink Depreciation.
- AK_model wikiPageWikiLink Economic_growth.
- AK_model wikiPageWikiLink Endogenous_growth_theory.
- AK_model wikiPageWikiLink Harrod–Domar_model.
- AK_model wikiPageWikiLink Human_capital.
- AK_model wikiPageWikiLink Limit_(mathematics).
- AK_model wikiPageWikiLink Linear_function.
- AK_model wikiPageWikiLink Macroeconomics.
- AK_model wikiPageWikiLink Neoclassical_economics.
- AK_model wikiPageWikiLink Output_elasticity.
- AK_model wikiPageWikiLink Parametrization.
- AK_model wikiPageWikiLink Paul_Romer.
- AK_model wikiPageWikiLink Population_growth.
- AK_model wikiPageWikiLink Ramsey–Cass–Koopmans_model.
- AK_model wikiPageWikiLink Return_of_capital.
- AK_model wikiPageWikiLink Returns_to_scale.
- AK_model wikiPageWikiLink Steady_state.
- AK_model wikiPageWikiLink Technological_change.
- AK_model wikiPageWikiLink Total_factor_productivity.
- AK_model wikiPageWikiLinkText "AK model".
- AK_model wikiPageUsesTemplate Template:Cite_book.
- AK_model wikiPageUsesTemplate Template:Macroeconomics.
- AK_model wikiPageUsesTemplate Template:Reflist.
- AK_model subject Category:Economic_growth.
- AK_model subject Category:Economics_models.
- AK_model subject Category:Economics_terminology.
- AK_model hypernym Model.
- AK_model type Model.
- AK_model type Person.
- AK_model type Model.
- AK_model comment "The AK model of economic growth is an endogenous growth model used in the theory of economic growth, a subfield of modern macroeconomics. In the 1980s it became progressively clearer that the standard neoclassical exogenous growth models were theoretically unsatisfactory as tools to explore long run growth, as these models predicted economies without technological change and thus they would eventually converge to a steady state, with zero per capita growth.".
- AK_model label "AK model".
- AK_model sameAs Q294077.
- AK_model sameAs AK-Modell.
- AK_model sameAs Modelo_AK.
- AK_model sameAs AK-malli.
- AK_model sameAs AK-model.
- AK_model sameAs m.09gdvmw.
- AK_model sameAs Q294077.
- AK_model wasDerivedFrom AK_model?oldid=705442587.
- AK_model isPrimaryTopicOf AK_model.