The Theory of Efficient Growth

Germinal Van ()

Journal of Economics and Econometrics, 2022, vol. 65, issue 2, 68-91

Abstract: The objective of this paper is to propose an analytical framework to examine the foundations of the theory of efficient growth. The theory of efficient growth is a newly developed theory based on the principles of the neoclassical framework. It argues that an economy grows efficiently under two conditions. First, that the public and the private sectors both perform independently from each other. Second, the sum of their independent performances reaches an equilibrium. This equilibrium determines the optimum point of economic growth, and this optimal point illustrates the efficiency of economic growth.

Keywords: Economic growth; mathematical economics; economic theory; macroeconomics; business cycle; fiscal policy. (search for similar items in EconPapers)
JEL-codes: E62 O42 O43 R13 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ideas.repec.org/a/eei/journl/v65y2022i2p68-91.html
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The Theory of Efficient Growth (2022)
Working Paper: The Theory of Efficient Growth (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eei:journl:v:65:y:2022:i:2:p:68-91

Access Statistics for this article

More articles in Journal of Economics and Econometrics from Economics and Econometrics Society Contact information at EDIRC.
Bibliographic data for series maintained by Julia van Hove ().