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Semi-endogenous or fully endogenous growth? A unified theory

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  • Cozzi, Guido

Abstract

Is growth ultimately fully endogenous or semi-endogenous? Three decades of theoretical and empirical growth economics have kept both possibilities open. Here, R&D-driven growth is a general combination of both semi-endogenous and fully endogenous mechanisms.

Suggested Citation

  • Cozzi, Guido, 2023. "Semi-endogenous or fully endogenous growth? A unified theory," Journal of Economic Theory, Elsevier, vol. 213(C).
    • Handle: RePEc:eee:jetheo:v:213:y:2023:i:c:s002205312300128x
    DOI: 10.1016/j.jet.2023.105732
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    More about this item

    Keywords

    Strong scale effect; Semi-endogenous growth; Fully endogenous growth;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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