Semi-endogenous or fully endogenous growth? A unified theory

Guido Cozzi

Journal of Economic Theory, 2023, vol. 213, issue C

Abstract: Is growth ultimately fully endogenous or semi-endogenous? Three decades of theoretical and empirical growth economics have kept both possibilities open. Here, R&D-driven growth is a general combination of both semi-endogenous and fully endogenous mechanisms.

Keywords: Strong scale effect; Semi-endogenous growth; Fully endogenous growth (search for similar items in EconPapers)
JEL-codes: O30 O40 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:213:y:2023:i:c:s002205312300128x

DOI: 10.1016/j.jet.2023.105732

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