Recently completed research on the traditional Solow growth model shows that the implementation of capital and labor technical progress has been misconstrued and interpreted. This research is of interest to banks, central banks and institutions that use growth models or DSGE models. For a summary, conclusions and the article, see the Research papers page. This research also has serious implications for endogenous growth models and offers new insight into how to deal with this.
In particular, this research demonstrates the need for a renewed focus on and improvement of economic theory.
Travaillez, prenez de la peine : C'est le fonds qui manque le moins, but it should be made possible by sound macro economic guidance.