标题: Equity Q - Endogenous vs Neoclassical [打印本页] 作者: SkipE99 时间: 2011-7-11 19:46 标题: Equity Q - Endogenous vs Neoclassical
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?作者: needhelp1700 时间: 2011-7-11 19:46
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作者: Uranus08 时间: 2011-7-11 19:46
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.作者: RMontgomery 时间: 2011-7-11 19:46
Endogenous - infinite growth. no diminishing return to knowledge. driver = profit mgn)
neoclassical - finite growth by rate of return. tech is suprise/non control event.
