Equity Q - Endogenous vs Neoclassical

growth, equity, provide, between, anybody

Can anybody provide nice concise definitions for the these two growth theories in the equity section?

What are the core differences between these two growth theories?

needhelp1700

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发表于 2011-7-11 19:46 | 只看该作者

neo-growth drops to required rate of return due to lack of technological advance

endo-growth keeps on continuing b/c when growth slows people invent new technologies to keep growth going

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Uranus08

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发表于 2011-7-11 19:46 | 只看该作者

neo- growth- technology will increase economic growth up to a point until returns reach a target rate of returns.
endogenious also same as new growth
says- no diminishing return to innovation so though returns will diminish as returns reach the target rate as suggested by neo-growth, low returns will trigger more innovation to develop new technogies which will further increase economic growth.

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RMontgomery

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发表于 2011-7-11 19:46 | 只看该作者

Endogenous - infinite growth. no diminishing return to knowledge. driver = profit mgn)
neoclassical - finite growth by rate of return. tech is suprise/non control event.

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Equity Q - Endogenous vs Neoclassical

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