Semi-Endogenous or Fully Endogenous Growth? Both Essential, One Survives.
Type
working paper
Date Issued
2021-02
Author(s)
Abstract
Is growth ultimately fully endogenous or semi-endogenous? A quarter-century of theoretical and empirical growth theory has still kept both possibilities open. I argue that the semi-endogenous and fully endogenous growth components are both essential to the real growth mechanism. This paper shows that, as a consequence, the long-run growth rate will follow semi-endogenous growth predictions.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SEPS - Economic Policy
Subject(s)
Eprints ID
265374
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Name
F_Scale_Effects_R1.pdf
Size
215.44 KB
Format
Adobe PDF
Checksum (MD5)
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