Endogenous growth theory

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:contrastsWith exogenous growth theory
gptkbp:developedBy gptkb:Paul_Romer
gptkb:Robert_Lucas_Jr.
gptkbp:emphasizes role of knowledge
role of human capital
role of technological innovation
gptkbp:explains persistent differences in growth rates across countries
gptkbp:field economics
gptkbp:focusesOn long-term economic growth
https://www.w3.org/2000/01/rdf-schema#label Endogenous growth theory
gptkbp:includes gptkb:AK_model
increasing returns to scale
learning by doing
gptkbp:influenced modern economic policy
gptkbp:influencedBy neoclassical economics
gptkbp:originatedIn 1980s
gptkbp:proposedBy government policy can affect growth rate
growth is primarily determined by internal factors
gptkbp:relatedTo gptkb:public_policy
innovation policy
gptkbp:bfsParent gptkb:Ramsey–Cass–Koopmans_model
gptkbp:bfsLayer 6