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Concepts of and Models for Growth and Development Dynamics

In: Institutions, Technology, and Circular and Cumulative Causation in Economics

Author

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  • Henning Schwardt

    (Institute for Institutional and Innovation Economics (iino) University of Bremen)

Abstract

In this chapter we discuss principal approaches formulated for addressing questions of economic growth and development, with a focus on the understanding of the processes involved that they offer. In detail, we discuss the principal formulations of neoclassical growth theory, development economics, and the new as well as the original institutional economics (NIE and OIE respectively). Approaches based on other theoretical foundations, especially in the formalization of growth models, will briefly be touched upon where appropriate.

Suggested Citation

  • Henning Schwardt, 2013. "Concepts of and Models for Growth and Development Dynamics," Palgrave Macmillan Books, in: Institutions, Technology, and Circular and Cumulative Causation in Economics, chapter 2, pages 10-57, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-33388-9_2
    DOI: 10.1057/9781137333889_2
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