Models of the Economic Growth and their Relevance

Nicolae Moroianu and Daniela Moroianu
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Nicolae Moroianu: Bucharest Academy of Economic Studies
Daniela Moroianu: Bucharest Academy of Economic Studies

Theoretical and Applied Economics, 2012, vol. XVIII(2012), issue 6(571), 135-142

Abstract: Until few years ago, the economic growth was something perfect normal, part of an era marked by the transformation speed. Normality itself has been transformed and we currently are influenced by other rules, unknown yet, which should answer the question: “How do we return to the economic growth?” The economic growth and the models aiming to solve this problem concern the economic history even since its beginnings. In this paper we would like to find out what is the relevance that the well-known macroeconomic models still have and which might be their applicability level in a framework created by a black swan event type.

Keywords: economic growth; Solow-Swan model; economic crisis. (search for similar items in EconPapers)
Date: 2012
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