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ELEMENTS OF THE NEOCLASSICAL GROWTH THEORY

open access: yesStudies and Scientific Researches: Economics Edition, 2014
One of the relevant components of the contemporary economic science is the economic growth theory, the economic background of the time leading to new guidelines of the research.
Florina Popa
doaj   +5 more sources

Costly Financial Intermediation in Neoclassical Growth Theory [PDF]

open access: yesSSRN Electronic Journal, 2011
The neoclassical growth model is extended to include costly intermediated borrowing and lending between households. This is an important extension as substantial resources are used in intermediating the large amount of borrowing and lending between households.
Rajnish Mehra   +2 more
core   +10 more sources

Critique of the neoclassical theory of growth and distribution

open access: yesPSL Quarterly Review, 2012
The paper surveys the main theories of income distribution in their relationship with the theories of economic growth. First, the Classical approach is considered, focusing on the Ricardian theory. Then the neoclassical theory is discussed, highlighting
Luigi L. Pasinetti
doaj   +5 more sources

The neoclassical theory of growth and distribution

open access: yesPSL Quarterly Review, 2012
The paper surveys the neoclassical theory of growth. As a preliminary, the meaning of the adjective "neoclassical" is discussed. The basic model is then sketched, and the conditions ensuring a stationary state are illustrated.
Robert M. Solow
doaj   +4 more sources

Uganda’s growth Determinants: A Test of the Relevance of the Neoclassical Growth Theory

open access: yesModern Economy, 2021
The purpose of this study is to investigate whether Uganda’s economic growth determinants can fully be analyzed within the framework of the neoclassical growth theory. The study uses quarterly data for the period 2007-2018. The underlying empirical models are estimated using IV-GMM in the specific-to-general modeling approach.
Peter Ivans Rumanzi   +4 more
exaly   +3 more sources

HARROD – DOMAR ECONOMIC GROWTH MODEL IN CLASSICAL AND NEOCLASSICAL THEORY [PDF]

open access: yesAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2019
ntroduction: The goals of this article is to present some theoretical aspects of the Harrod-Domar economic growth model in classical and neoclassical theory, highlighting its importance on the economy of nations.
DOINA DRĂGOI
doaj   +1 more source

Natural Resources in Economic Development: Evolution of Theoretical Approaches

open access: yesПространственная экономика, 2023
This paper considers the evolution of the main theoretical approaches considering the role of natural resources in economic development in the XVIII-XXI centuries.
Olga Valeryevna Dyomina
doaj   +1 more source

A Growth Theory Based on Walrasian General Equilibrium, Solow-Uzawa Growth, and Heckscher-Ohlin Trade Theories [PDF]

open access: yesInterdisciplinary Description of Complex Systems, 2018
The purpose of this study is to analyse the role of preferences and technological differences between countries in determining dynamics of capital accumulation, wealth and income distribution within countries and between countries, and patterns of trade ...
Wei-Bin Zhang
doaj   +1 more source

International Trade Model in the Labour Growth Theory [PDF]

open access: yesAlterEconomics, 2023
The neoclassical growth model assumes that equilibrium growth is exogenous, which some researchers consider a disadvantage. In response, the endogenous growth theory emphasizes the endogenous determination of technical progress as the primary source of ...
Aleksey A. Zolotukhin
doaj   +1 more source

Stackelberg-Nash Equilibrium and Perfect Competition in the Solow-Uzawa Growth Model

open access: yesLecturas de Economía, 2022
This study introduces Stackelberg-Nash equilibrium to neoclassical growth theory. It attempts to make neoclassical economic growth theory more robust in modelling the complexity of market structures.
Wei-Bin Zhang
doaj   +1 more source

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