Economic growth, increasing results and monopolist competition

Pedro Ferreira and Roberto Ellery

Brazilian Journal of Political Economy, 1996, vol. 16, issue 2, 252-273

Abstract: In this article we investigate the theoretical shortcomings of traditionalneoclassical growth models and how the new literature of endogenous growth has emergedto overcome these shortcomings. We study the theoretical reasons for hypothesis in thetraditional models – some of them necessary for the existence of equilibrium – that impliedcounter-factual empirical results, like convergence. We will investigate how these hypotheseswere relaxed or substituted, up to a point where the new literature ends up working withincreasing returns and monopolist competition models of Schumpeterian inspiration thatdeliver sustained growth and creative destruction. JEL Classification: O41; O11.

Keywords: Endogenous growth models; economic growth; Neo-Scjumpeterian analysis (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations:

Downloads: (external link)
https://centrodeeconomiapolitica.org.br/repojs/ind ... ticle/view/1204/1189 (application/pdf)

Related works:
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:ekm:repojs:v:16:y:1996:i:2:p:252-273:id:1204

Access Statistics for this article

More articles in Brazilian Journal of Political Economy from Center of Political Economy
Bibliographic data for series maintained by Brazilian Journal of Political Economy (Brazil) ().