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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 wikiPageRevisionID "604439165".
- AK_model hasPhotoCollection AK_model.
- AK_model subject Category:Economic_growth.
- AK_model subject Category:Economics_models.
- AK_model subject Category:Economics_terminology.
- AK_model type Assistant109815790.
- AK_model type CausalAgent100007347.
- AK_model type EconomicsModels.
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- AK_model type Model110324560.
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- 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 label "AK-Modell".
- AK_model label "AK-model".
- AK_model label "Modelo AK".
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- AK_model sameAs Modelo_AK.
- AK_model sameAs AK-model.
- AK_model sameAs m.09gdvmw.
- AK_model sameAs Q294077.
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- AK_model sameAs AK_model.
- AK_model wasDerivedFrom AK_model?oldid=604439165.
- AK_model isPrimaryTopicOf AK_model.