Briefing Paper on endogenous growth theory in connection of forth-coming meeting with CBI and a Treasury team.
Date Submitted: 05/22/2003 07:42:27
Category: / Business & Economy / Economics
Length: 5 pages (1340 words)
Category: / Business & Economy / Economics
Length: 5 pages (1340 words)
Briefing Paper on endogenous growth theory in connection of forth-coming meeting with CBI and a Treasury team.
Prepared for: Mrs Smith (The Boss)Date:31 Oct 2003
Prepared by: Ann Smith
Endogenous growth theory is an extension from one basic neoclassical growth model, which was first formalised by Robert Solow in 1950's. There are a number of basic assumptions underlying the neoclassical growth model.
The first one is that the productive capacity of the economy can be …
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