id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
aeasj-197	Nkalu, Chigozie Nelson; Edeme, Richardson Kojo; Chukwuma, Queen O.	Testing the Validity of the Solow Growth Model: Empirical Evidence from Cross-Country Panel Data	2018	5	.pdf	application/pdf	2931	126	45	Despite the novelty of Solow growth model, it has some shortcomings, one of the significant limitations of the model is its premise or assumption of a closed economy with the convergence assertion or hypothesis that presupposes a group of heterogeneous countries with no type of interrelationship. Thirdly on the limitations of Solow growth model lies the infinitesimal low estimated convergence rate, though the convergence rate has been impacted by the modification of the Solow growth model by an open economy version of the model such as Ramsy-Cass-Koopmans model with relatively augmented convergence rate.	cache/aeasj-197.pdf	txt/aeasj-197.txt