The Solow Model looks like a few equations on a page. But really, it's about the end of colonialism.https://twitter.com/Noahpinion/status/1052946337883275264 …
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Replying to @Noahpinion
Convergence happens in the Solow model because the MPK is higher in poor countries. What does that have to do with decolonialization? What I took away from your blog post is that we still don’t understand endogenous growth.
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Replying to @danhreck
The idea is that decolonization eventually (after a few decades) spurred some amount of institutional convergence, which is now leading to unconditional convergence.
3:53 PM - 18 Oct 2018
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