From Solow Model to endogenous economic growth – Romania’s reinsertion into civilization?

Marin Dinu () and Cristian Socol

Informatica Economica, 2006, vol. X, issue 1, 122-127

Abstract: This paper evaluates the determinants of growth in GDP per capita in industrialized countries and the lessons for the Romanian economy. How can Romanian economy grow faster? The neoclassical model show that the important determinants of growth are technical progress, increased labor supply and capital accumulation. The endogenous growth theory considers that the inventions of new technology, investing in human capital are the principal factors which fueled long run growth. How can the Romanian economy obtain a continued growth process?

Keywords: economic growth; endogenous growth; poverty trap (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:aes:infoec:v:x:y:2006:i:1:p:122-127

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