Endogenous Growth Theory
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An Endogenous Growth Theory is an Economic Growth that ...
- See: Education, Economic Growth, Endogeneity (Econometrics), The Journal of Economic Perspectives, Human Capital, Innovation, Positive Externalities, Spillover Effects, Subsidies, Research And Development.
References
2017
- (Wikipedia, 2017) ⇒ https://en.wikipedia.org/wiki/Endogenous_growth_theory Retrieved:2017-8-14.
- Endogenous growth theory holds that economic growth is primarily the result of endogenous and not external forces. Endogenous growth theory holds that investment in human capital, innovation, and knowledge are significant contributors to economic growth. The theory also focuses on positive externalities and spillover effects of a knowledge-based economy which will lead to economic development. The endogenous growth theory primarily holds that the long run growth rate of an economy depends on policy measures. For example, subsidies for research and development or education increase the growth rate in some endogenous growth models by increasing the incentive for innovation.