endogenous growth การใช้

• Therefore, it is possible to construct endogenous growth models with perfect competition.
• But holding human capital constant, endogenous growth theory may also predict convergence.
• In contrast to the Solow model, the endogenous growth model makes no such predictions.
• They developed the endogenous growth theory that includes a mathematical explanation of technological advancement.
• Much-studied factors include the rate of endogenous growth models ) and in growth accounting.
• It has been the inspiration of endogenous growth theory and also of evolutionary economics.
• The recent proliferation of endogenous growth models began with the work of Paul Romer.
• In the 1980s and 1990s endogenous growth theory arose to challenge neoclassical growth theory.
• This means that with this strong assumption the model can lead to endogenous growth.
• JINTROPIN stimulates linear growth and increases growth rate in children who lack adequate endogenous growth hormone.
• Endogenous growth theories are based on the idea that long-run growth is determined by economic incentives.
• Some recently developed endogenous growth models have tried to capture the process behind the introduction of new products.
• It uses the assumption that the production function does not exhibit diminishing returns to scale to lead to endogenous growth.
• Endogenous growth theory merely says that countries may diverge if they have different levels of human capital, all other factors constant.
• One of the main failings of endogenous growth theories is the collective failure to explain conditional convergence reported in empirical literature.
• However, in many endogenous growth models the assumption of perfect competition is relaxed, and some degree of monopoly power is thought to exist.
• The AK model, which is the simplest endogenous model, gives a constant-savings rate of endogenous growth and assumes a constant, exogenous, saving rate.
• Even the recent endogenous growth literature, building on'learning by doing'processes, assigns a special role to finance ( Aghion and Hewitt, 1998 and 2005 ).
• 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.