Solow-Romer Primer / by Nick Kamboj

In Macro-Economic Theory, there is a very well-known model known as the Solow-Romer Growth Model, which applies to the Macro-Economic theory of countries and which mirrors my Technology Paradox argument.  The Solow-Romer Growth Model primarily asserts that each country’s Gross Domestic Product (GDP) / Gross National Product (GNP), essentially the country’s output of product or services is dependent upon four key factors.  The primary factors that the Solow-Romer Growth Model asserts distinguishes one country between another are: Ideas, Technology, Available Capital and its Labor pool.