endogenous growth model

GPTKB entity

Statements (27)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:assumes increasing returns to scale
externalities in production
knowledge is a non-rival good
non-diminishing returns to capital
gptkbp:contrastsWith exogenous growth model
gptkbp:developedBy gptkb:Paul_Romer
gptkb:Robert_Lucas_Jr.
gptkbp:emphasizes innovation
human capital
knowledge spillovers
role of technology
gptkbp:explains economic growth from internal factors
persistent differences in growth rates
gptkbp:field economics
gptkbp:firstPublished 1980s
gptkbp:focusesOn long-term economic growth
gptkbp:hasSubfield macroeconomics
https://www.w3.org/2000/01/rdf-schema#label endogenous growth model
gptkbp:influencedBy neoclassical growth model
gptkbp:policy government can influence growth rate
gptkbp:relatedTo gptkb:Romer_model
gptkb:AK_model
gptkb:Lucas_model
gptkbp:usedIn policy analysis
gptkbp:bfsParent gptkb:Schumpeterian_growth_theory
gptkbp:bfsLayer 7