Modern growth theory derives mostly from Robert Solow's “A Contribution to the Theory of Economic Growth” (1956). Solow's own interpretation locates the origins of his “Contribution” in his view that the growth model of Roy Harrod implied a tendency toward progressive collapse of the...

Structural change is a relatively simple (continuous) process having restricted limit-properties. All processes which can be classified as "structural change" inherit these limit-properties. Limit-properties of processes play an important role in neoclassical growth theory. We show that (i) many...