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In which area of the world were policies based on the solow growth model consistently applied, but with very limited success?

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The area of the world were policies based on the Solow growth model consistently applied, but with very limited success is Africa.

What is the Solow growth model?

The Solow-Swan model, or exogenous growth model, is an economic model for long-term economic growth. It attempts to explain long-term economic growth by looking at capital accumulation, labor or population growth, and productivity growth driven primarily by technological progress.

What does the Solow growth model explain?

The Solow growth model is an exogenous model of economic growth that analyzes changes in the level of economic output over time as a result of changes in population growth rates, savings rates, and technological progress.

Learn more about Solow growth model:
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