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Endogenous Growth Theory: Intellectual Appeal and Empirical Shortcomings [PDF]
, 1994 This paper examines whether the recent theoretical insights stemming from endogenous growth theory have provided a better guide to explaining actual growth experience than the neoclassical model.
Howard Pack
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Population and Ideas: A Theory of Endogenous Growth [PDF]
SSRN Electronic Journal, 1997 Why do economies exhibit sustained growth in per capita income? This paper argues that endogenous fertility and increasing returns to scale are the fundamental ingredients in understanding endogenous growth. Endogenous fertility leads the scale of the economy to grow over time. Increasing returns translates this increase in scale into rising per capita
Charles M. Jones
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Technological Changes in Economic Growth Theory: Neoclassical, Endogenous, and Evolutionary-Institutional Approach [PDF]
, 2016 The aim of the research in this paper is to analyse the issue of the treatment of the category of technological changes within the main aspects of economic growth theory.
Dragoslava Sredojević +2 more
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Should the US increase subsidies to R&D? Lessons from an endogenous growth theory [PDF]
, 2013 In this article we devise an endogenous growth model with RD mainly, subsidies to research are the most welfare-increasing amongst the budget-neutral policies, and the optimal structure of subsidies entails substantially increasing the subsidy to R&D ...
Manuel A. Gómez, Tiago Neves Sequeira
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When leisure becomes excessive: a bifurcation result in endogenous growth theory
Notas Económicas, 2007 The traditional assumption concerning endogenous labor supply in models of economic growth is that utility increases with leisure, independently of the specific time allocation of the representative agent observed at a given moment.
Orlando Gomes
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Trade Liberalization and Endogenous Growth: A q-Theory Approach [PDF]
, 1996 Abstract This paper introduces a new approach to the analysis of endogenous growth effects and uses it to illustrate two novel trade-and-growth links. The approach’s simplicity allows us to introduce scale economies and imperfect competition into the R&D and financial intermediation sectors of a Romer–Grossman–Helpman endogenous growth model. We show
Richard Baldwin, Rikard Forslid
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Endogenous Growth Theory in a Vintage Capital Model [PDF]
, 2003 This is a model of quality ladder of machines in an endogenous growth context, when some machines are scrapped while others coexist with the latest variety, with the economic life of machines endogenously determined as in old vintage-capital models ...
Pranab Bardhan
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Contemporary Economics, 2012 Foss (2012) provides an informed and informative comment on my article “Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation” (Hunt, 2012). In general, his comment is
Shelby D. Hunt
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Endogenous Economic Growth: The Arrow-Romer Theory and a Test on Vietnamese Economy
Wseas Transactions on Business and Economics, 2020 The Arrow-Romer growth model helped to overcome the main drawback of the Solow-Swan model, where technical change is created exogenously, not by the firms making decisions, and formulated the conditions for endogenous growth in an economy.
Nguyễn Ngọc Thạch
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A Keynesian Endogenous Growth Theory with a Rigorous Microeconomic Foundation
, 2012 Extending the effective demand theory developed by Otaki [1,2], we construct a demand-driven endogenous growth theory with a rigorous microeconomic foundation.
Masayuki Otaki
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