The Solow Model, Poverty Traps, and the Foreign Aid Debate

Snowdon, Brian

doi:10.1215/00182702-2009-026

The Solow Model, Poverty Traps, and the Foreign Aid Debate

Snowdon, Brian

Authors

Brian Snowdon

Abstract

For almost thirty years the Solow model experienced relative neglect within the field of development economics. However, since the mid-1980s the neoclassical growth model has been at the heart of the debate among economists interested in the important issues of growth, development, and convergence. More recently, the case for increasing foreign aid to sub-Saharan Africa has reemerged and has been linked to the Solow model via the hypothesis that many poor countries are caught in a poverty trap. This paper provides critical commentary on the literature relating to the Solow model, economic development, poverty traps, and the case for foreign aid.

Citation

Snowdon, B. (2009). The Solow Model, Poverty Traps, and the Foreign Aid Debate. History of Political Economy, 41(Supplement 1), 241-262. https://doi.org/10.1215/00182702-2009-026

Journal Article Type	Article
Publication Date	Jan 1, 2009
Deposit Date	May 22, 2009
Publicly Available Date	Mar 4, 2010
Journal	History of Political Economy
Print ISSN	0018-2702
Electronic ISSN	1527-1919
Publisher	Duke University Press
Peer Reviewed	Peer Reviewed
Volume	41
Issue	Supplement 1
Pages	241-262
DOI	https://doi.org/10.1215/00182702-2009-026