Results 241 to 250 of about 10,103,818 (278)
Some of the next articles are maybe not open access.
Critical survey. Savings and economic growth in neoclassical theory
Cambridge Journal of Economics, 1999In neoclassical economics economic growth depends upon savings. The paper discusses problems with this conventional view, and how these have been tackled, from pre-Solowian authors up to the recent New or Endogenous Growth Theory (EGT). These difficulties became particularly clear with the Solow‐Swan model of growth in which the savings rate did not ...
openaire +1 more source
Biased Technical Progress and a Neoclassical Theory of Economic Growth
The Quarterly Journal of Economics, 1964I. Introduction, 129. — II. A Neoclassical growth model, 130. — III. Properties of an equilibrium growth path, 132. — IV. Stability conditions, 133.— V. Induced inventions, 135. — Appendix, 137.
openaire +1 more source
Journal of Macroeconomics, 1996
Abstract This paper applies neoclassical growth theory to the problem of optimal investment in infrastructure. We show that the rate of investment which maximizes steady-state per capita consumption is determined by the elasticity of aggregate output with respect to this factor.
openaire +1 more source
Abstract This paper applies neoclassical growth theory to the problem of optimal investment in infrastructure. We show that the rate of investment which maximizes steady-state per capita consumption is determined by the elasticity of aggregate output with respect to this factor.
openaire +1 more source
From Neoclassical Growth Theory to New Classical Macroeconomics
2001The puzzle I want to discuss — at least it seems to me to be a puzzle, though part of the puzzle is why it does not seem to be a puzzle to many of my younger colleagues — is this. More than forty years ago, I — and many others, especially Trevor Swan and James Tobin — worked out what has since come to be called neoclassical growth theory. It may not be
openaire +1 more source
NEOCLASSICAL ECONOMIC GROWTH THEORY: AN EMPIRICAL APPROACH
2013This paper contributes to the empirical literature by providing a simple theoretical and empirical literature framework. For this purpose we address the neoclassical model of capital accumulation reproduces many of the stylised facts about economic growth and is consistent with many features of actual growth in economies.
openaire +1 more source
The Neoclassical Endogenous Growth Theory on Retrospect: a Lakatosian interpretation
2012This article will concentrate on the treatment of endogenous growth by neo-classical growth theorists in order to explain why the endogenous growth approach was not incorporated into the neo-classical growth program until the late 1980s, although the essential features were well known during the 1960s.
openaire +1 more source
Neoclassical and ‘New' Growth Theory: A Critique
This concise book, by one of the leading scholars in development economics, has been developed from a series of lectures given to masters students and will serve as an excellent introduction to the principles of growth and development theory.openaire +1 more source
International Journal of Economic Sciences and Applied Research (IJESAR), 2014
This paper builds a heterogeneous-households growth model of a small open economy with fixed resource (land) by integrating the Walrasian general equilibrium and neoclassical growth theories. The production side consists of two sectors. We use an alternative utility function proposed by Zhang, which enable us to develop a dynamic growth model with ...
openaire +2 more sources
This paper builds a heterogeneous-households growth model of a small open economy with fixed resource (land) by integrating the Walrasian general equilibrium and neoclassical growth theories. The production side consists of two sectors. We use an alternative utility function proposed by Zhang, which enable us to develop a dynamic growth model with ...
openaire +2 more sources