Endogenous Growth Theory: Rise and Developments
AbstractThe study is aimed at analysing basic features and developments of the new endogenous growth theory. The first section gives proof of the origins of this theory. The second section presents the basic ideas of the new modern (endogenous) growth theory, as they are developed by its founders and their followers. The endogenous theory is discussed as a new approach to measuring and analysing economic growth, giving rise to a variety of new issues, new determinants of the growth, in particular these concerning the transition countires’ economic growth. For the time being it is impossible or of no practical value to carry out direct measurement with the help of already existing models or new ones: firstly, because of the comparatively short period has passed since the beginning of the 1990s, and secondly, because of the mixed and not typical nature of the economic situation, that means transition from centrally planning to a market economy under the condition of a severe crisis. The economic performance of Bulgaria, however, shows in a specific way the importance of the new modern growth theory for explaining and promoting economic growth. The last section discusses some implications of the modern growth theory in the case of Bulgaria, in particular the human capital developments. Finally, concluding comments are given, concerning the two main subjects: the nature and prospects for the future of the new endogenous growth theory and the possibility for application of this theory in the case of Bulgaria making efforts to turn the corner towards economic growth.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.
Volume (Year): (1999)
Issue (Month): 3 ()
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Rebelo, Sergio, 1991.
"Long-Run Policy Analysis and Long-Run Growth,"
Journal of Political Economy,
University of Chicago Press, vol. 99(3), pages 500-521, June.
- Bhattacharyya, Dilip K, 1990. "An Econometric Method of Estimating the 'Hidden Economy,' United Kingdom (1960-1984): Estimates and Tests," Economic Journal, Royal Economic Society, vol. 100(402), pages 703-17, September.
- Bencivenga, V.R. & Smith, B.D., 1988.
"Financial Intermediation And Endogenous Growth,"
RCER Working Papers
124, University of Rochester - Center for Economic Research (RCER).
- Crafts, Nicholas, 1996. "Endogenous Growth: Lessons for and from Economic History," CEPR Discussion Papers 1333, C.E.P.R. Discussion Papers.
- Roubini, N. & Sala-i-Martin, X., 1992.
"A Growth Model of Inflation, Tax Evasion and Financial Repression,"
658, Yale - Economic Growth Center.
- Roubini, Nouriel & Sala-i-Martin, Xavier, 1995. "A growth model of inflation, tax evasion, and financial repression," Journal of Monetary Economics, Elsevier, vol. 35(2), pages 275-301, April.
- Nouriel Roubini & Xavier Sala-i-Martin, 1992. "A Growth Model of Inflation, Tax Evasion, and Financial Repression," NBER Working Papers 4062, National Bureau of Economic Research, Inc.
- Paul M Romer, 1999.
"Increasing Returns and Long-Run Growth,"
Levine's Working Paper Archive
2232, David K. Levine.
- Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
- Luis A. Rivera-Batiz & Paul M. Romer, 1990.
"Economic Integration and Endogenous Growth,"
NBER Working Papers
3528, National Bureau of Economic Research, Inc.
- Elias Dinopoulos & Peter Thompson, 1996. "A Contribution to the Empirics of Endogenous Growth," Eastern Economic Journal, Eastern Economic Association, vol. 22(4), pages 389-400, Fall.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diana Dimitrova).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.