Endogenous Growth Theory

GPTKB entity

Statements (26)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:assumes Technological progress is an outcome of investment in knowledge
gptkbp:basisFor Modern growth policy analysis
gptkbp:citation Economic literature
gptkbp:contrastsWith gptkb:Exogenous_Growth_Theory
gptkbp:developedBy gptkb:Paul_Romer
gptkb:Robert_Lucas_Jr.
gptkbp:emphasizes Innovation
Human capital
Knowledge spillovers
Role of technology
gptkbp:explains Differences in growth rates across countries
Sustained economic growth without diminishing returns
gptkbp:field Economics
gptkbp:focusesOn Long-term economic growth
https://www.w3.org/2000/01/rdf-schema#label Endogenous Growth Theory
gptkbp:influencedBy gptkb:Neoclassical_Growth_Theory
gptkbp:introducedIn 1980s
gptkbp:policy Government investment in education
Intellectual property rights
Support for research and development
gptkbp:publishedIn gptkb:Journal_of_Political_Economy
gptkbp:relatedTo gptkb:AK_Model
gptkb:Human_Capital_Model
gptkbp:bfsParent gptkb:Endogenous_Technological_Change
gptkbp:bfsLayer 5