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Elementos de teoría y política macroeconómica para una economía abierta. Quinta parte: Capítulos 15, 16 y 17

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  • Félix Jiménez

    (Departamento de Economía- Pontificia Universidad Católica del Perú)

Abstract

The fifth part, which consists of three chapters (15, 16 y 17), presents an introduction to the theory of economic growth. The fifteenth chapter presents a brief history of economic growth theory. Then, it analyzes the factors that determine the long-term behavior of aggregate and per capita output, and the main concepts of the theory of economic growth. The sixteenth chapter analyzes the Keynesian Harrod-Domar growth model and the neoclassical Solow growth model. These models were developed between the late thirties and the second half of the twentieth century. Both models assume the existence of dynamic long run equilibrium between savings and investment. The seventeenth chapter is an introduction to the theory of endogenous growth. In neoclassical growth models the growth of per capita output is explained by exogenous technological progress. The endogenous growth theory replaces the fundamental assumptions of the neoclassical growth theory to reach different conclusions and policy proposals.

Suggested Citation

  • Félix Jiménez, 2010. "Elementos de teoría y política macroeconómica para una economía abierta. Quinta parte: Capítulos 15, 16 y 17," Documentos de Trabajo / Working Papers 2010-300, Departamento de Economía - Pontificia Universidad Católica del Perú.
    • Handle: RePEc:pcp:pucwps:wp00300
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    política macroeconómica abierta.;

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