Neoclassical and Keynesian View on a Growth of Economy of SR

In the study we focus on theoretical and practical aspects of neoclassical models of economic growth, i.e. Sollow-Swan model and Ramsey-Cass-Koopmans model and keynesian Kaldor model. We explain theory of Sollow-Swan model and calibrate parameters of the model according to economy of the Slovak Republic. We compare Sollow-Swan model to Kaldor model and estimate main functions of Kaldor model for the economy of the SR. We explain means of making propensity to save endogenous in Ramsey-Cass-Koopmans model and we examine whether endogenous propensity is useful in describing economy of SR.