endogenous growth theory การใช้

• But holding human capital constant, endogenous growth theory may also predict convergence.
• In the 1980s and 1990s endogenous growth theory arose to challenge neoclassical growth theory.
• They developed the endogenous growth theory that includes a mathematical explanation of technological advancement.
• It has been the inspiration of endogenous growth theory and also of evolutionary economics.
• Endogenous growth theories are based on the idea that long-run growth is determined by economic incentives.
• One of the main failings of endogenous growth theories is the collective failure to explain conditional convergence reported in empirical literature.
• Endogenous growth theory merely says that countries may diverge if they have different levels of human capital, all other factors constant.
• Endogenous growth theory also suggested that governments should intervene to encourage investment in research and development because the private sector might not invest at optimal levels.
• The supposition that entrepreneurship leads to economic growth is an interpretation of the residual in endogenous growth theory and as such is hotly debated in academic economics.
• The idea that entrepreneurship leads to economic growth is an interpretation of the residual in endogenous growth theory and as such continues to be debated in academic economics.
• In the 1980s efforts have focused on the role of technological progress in the economy, leading to the development of endogenous growth theory ( or new growth theory ).
• Endogenous growth theories implied that countries could experience rapid " catch-up " growth through an open society that encouraged the inflow of technology and ideas from other nations.
• But while I have the horrifying suspicion that Gore has heard of endogenous growth theory, and would actually enjoy talking about it, this is not what Bush had in mind.
• Often endogenous growth theory assumes constant marginal product of capital at the aggregate level, or at least that the limit of the marginal product of capital does not tend towards zero.
• Paul Krugman criticized endogenous growth theory as nearly impossible to check by empirical evidence;  too much of it involved making assumptions about how unmeasurable things affected other unmeasurable things . 
• However, the endogenous growth theory is further supported with models in which agents optimally determined the consumption and saving, optimizing the resources allocation to research and development leading to technological progress.
• Although income convergence conditional on human capital and other variables has been used as evidence against endogenous growth theory ( Mankiw, Romer, and Weil 1992 ), it is not necessarily inconsistent.
• In principle, he could be right; something like that scenario has been batted around for years by academic economists . ( The possibility arises naturally in " endogenous growth theory ."
• We pointed out earlier that endogenous growth theory suggests that countries with higher levels of education ( human capital ) might provide greater incentives for invention and, therefore, much higher rates of growth.
• Nicholas Kaldor insisted that this paper had been neglected because it was 50 years ahead of his time, but it has recently enjoyed a revival of interest as an acknowledged forerunner of modern " endogenous growth theory ".