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This paper presents a revised version of the Solow model, termed rSolow, which aligns the properties of the Ramsey-Cass-Koopmans (RCK) model with both closed and open economies. The rSolow model predicts differentiated income convergence, where poor countries may benefit from higher savings while rich countries may not, and highlights the impact of country size on income and inequality. It offers a tractable framework for analyzing economic dynamics and provides novel insights into the relationship between

Author

ErickC

Language

EN