Essay on International Financial Crisis and Endogenous Growth Theory
AbstractThis paper reviews endogenous growth theories in the light of the modern reality. It seems that economies which are similar in technologies and preferences are expected to converge to the same level of per capita income. The question “How are repetitions of financial crisis best predicted?” is still not answered. It also seems that combining of these models in a singular theory of business coexistence between neo-classical growth models during “Peace time”, and unpredicted forces and engines, which move economics during “Crisis time”, provide a treatment solution
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Bibliographic InfoArticle provided by Technological Educational Institute (TEI) of Kavala, Greece in its journal International Journal of Economic Sciences and Applied Research (IJESAR).
Volume (Year): 2 (2009)
Issue (Month): 1 (June)
Business Coexistence; Endogenous growth theories;
Find related papers by JEL classification:
- E20 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
- M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics
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