<p>The Solow model was indeed the first model to account for technological progress.</p>

<p>While models like the the <a href="https://en.wikipedia.org/wiki/Harrod%E2%80%93Domar_model" rel="nofollow noreferrer"> Harrod-Domar model</a> and the Neo-Marxian  <a href="https://en.wikipedia.org/wiki/Feldman%E2%80%93Mahalanobis_model" rel="nofollow noreferrer">Feldman–Mahalanobis model</a> conciser investment and saving as contributors to economic growth, they don't consider any measure of technology like total factor productivity to contribute to economic growth, like the <a href="https://en.wikipedia.org/wiki/Solow_residual" rel="nofollow noreferrer">Solow Residual</a>.</p>

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2017-11-09T21:46:20.080Z
2017-12-28T18:10:32.077Z
2017-12-28T18:10:32.077Z
EconJohn
<p>Was the role of <em>technological progress</em> formalised by Solow (1956) for the first time? or at least he provided the initial formal insight into the role of technological progress in economic growth?</p>

<economic-growth><solow><technological-progress>
Was there a Role of Technology in Macroeconomic Models before Solow?
london
# Was there a Role of Technology in Macroeconomic Models before Solow?

(Asked by: username_0 on 2017-11-09)

Was the role of *technological progress* formalised by Solow (1956) for the first time? or at least he provided the initial formal insight into the role of technological progress in economic growth?

**Tags:** economic-growth, solow, technological-progress


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## 1 answers

### Answer by username_1 on 2017-11-09. Score: 1 | Accepted answer

The Solow model was indeed the first model to account for technological progress.

While models like the the  [Harrod-Domar model](https://en.wikipedia.org/wiki/Harrod%E2%80%93Domar_model) and the Neo-Marxian [Feldman–Mahalanobis model](https://en.wikipedia.org/wiki/Feldman%E2%80%93Mahalanobis_model) conciser investment and saving as contributors to economic growth, they don't consider any measure of technology like total factor productivity to contribute to economic growth, like the [Solow Residual](https://en.wikipedia.org/wiki/Solow_residual).


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