Endogenous Theory of Growth and Main Economic Schools
AbstractThe paper examines the non-equal evaluations of the endogenous or the new theory of the economic growth from the point of view of the concepts for the transaction costs, neoclassic, neoliberalism, post-Keynesism and the “evolution economy”. A conclusion is made that the market structure of the imperfect competition, as well as the “road dependency” of the growth are more important criterion for determining the nature and character of the new theory from the recovering of the long-term sustainable equilibrium of the economy and from the mechanism of the automatic coordination of the savings and investments.
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Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.
Volume (Year): (2006)
Issue (Month): 2 ()
Find related papers by JEL classification:
- O42 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Monetary Growth Models
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.:
- Rolf Weder & Herbert Grubel, 1993. "The New Growth Theory and Coasean economics: Institutions to capture externalities," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 129(3), pages 488-513, September.
- Thomas I. Palley, 1996. "Growth Theory in a Keynesian Mode: Some Keynesian Foundations for New Endogenous Growth Theory," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 19(1), pages 113-135, October.
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