Dynamics of global economic growth: a Bayesian exploration of basic and augmented Solow models
The Solow growth model has long served as a cornerstone in economic theory, offering critical insights for formulating growth policies. Nevertheless, its principal limitation is the omitted variable bias arising from the inclusion of constant exogenous variables. Furthermore, the frequentist framewo...
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Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
Taylor & Francis Group
2025-12-01
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Series: | Cogent Economics & Finance |
Subjects: | |
Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2025.2452891 |
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