Endogenous Theory of Growth and Main Economic Schools
The 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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Volume (Year): (2006)
Issue (Month): 2 ()
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- Helpman, E., 1991.
"Endogenous Macroeconomic Growth Theory,"
Harvard Institute of Economic Research Working Papers
1570, Harvard - Institute of Economic Research.
- Joseph E. Stiglitz, 1993. "Endogenous Growth and Cycles," NBER Working Papers 4286, National Bureau of Economic Research, Inc.
- Tamara Todorova, 2004. "The Firm in the Context of the Theory of Transaction Costs," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 55-74.
- 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.
- Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth Through Creative Destruction," Scholarly Articles 12490578, Harvard University Department of Economics.
- Romer, Paul M, 1987. "Growth Based on Increasing Returns Due to Specialization," American Economic Review, American Economic Association, vol. 77(2), pages 56-62, May.
- 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.
- Robert M. Solow, 2000. "Toward a Macroeconomics of the Medium Run," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 151-158, Winter.
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