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File: Endogenous
E000079 endogenous growth Endogenous growth theory explains long-run growth as emanating from economic activities that create new technological knowledge. This article sketches the outlines of the theory, especially the Schumpeterian ...

icon picture PDF Filetype PDF | Posted on 14 Oct 2022 | 2 years ago

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...E endogenous growth theory explains long run as emanating from economic activities that create new technological knowledge this article sketches the outlines of especially schumpeterian variety and briey describes how has evolved in response to empirical discoveries is at a rate determined by forces are internal system particularly those governing opportunities incentives knowl edge measured output per person depends on total factor productivity tfp which turn progress neoclassical solow swan assumes be scientic process separate independent thus implies economists can take given exogenously outside challenges view proposing channels through hence inuenced factors it starts observation takes place innovations form products processes markets many result for example because rms learn experience produce more efciently higher pace activity raise innovation giving production also r d expenditures undertaken prot seeking policies with respect trade competition education taxes intellectual pro...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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Posted on: 14 Oct 2022 | 2 years ago
										
										
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