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ELEMENTS OF THE NEOCLASSICAL GROWTH THEORY
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
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Costly Financial Intermediation in Neoclassical Growth Theory [PDF]
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
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Critique of the neoclassical theory of growth and distribution
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
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The neoclassical theory of growth and distribution
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
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Uganda’s growth Determinants: A Test of the Relevance of the Neoclassical Growth Theory
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
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HARROD – DOMAR ECONOMIC GROWTH MODEL IN CLASSICAL AND NEOCLASSICAL THEORY [PDF]
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
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Natural Resources in Economic Development: Evolution of Theoretical Approaches
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
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A Growth Theory Based on Walrasian General Equilibrium, Solow-Uzawa Growth, and Heckscher-Ohlin Trade Theories [PDF]
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
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International Trade Model in the Labour Growth Theory [PDF]
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
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Stackelberg-Nash Equilibrium and Perfect Competition in the Solow-Uzawa Growth Model
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
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