Progresso tecnológico, crescimento econômico e as diferenças internacionais nas taxas de crescimento da renda per capita. Uma crítica aos modelos neoclássicos de crescimento
José Luís Oreiro ()
Revista Economia e Sociedade, 1999, vol. 12, 27
This article shows that neoclassical growth models are not capable to explain the existence of diverging growth rates of per capita income between countries, but only the occurrence of divergent levels of per capita income. The explanation to this lies in the fact that these models are, in general, not capable to explain why different countries employ different production technologies. In fact, with the possible exception of Romer´s endogenous growth model, neoclassical models assume that all countries employ the same technology, what makes impossible the occurrence of diverging growth rates of per capita income.
Keywords: Technological progress; Capital accumulation; Endogenous growth. (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:euc:ancoec:v:12:y:1999:p:41-67
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