Essay on International Financial Crisis and Endogenous Growth Theory

Boris Molochny ()
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Boris Molochny: Faculty of Business and Economics, University of Pecs

International Journal of Business and Economic Sciences Applied Research (IJBESAR), 2009, vol. 2, issue 1, 7-15

Abstract: This paper reviews endogenous growth theories in the light of the modern reality. It seems that economies which are similar in technologies and preferences are expected to converge to the same level of per capita income. The question "How are repetitions of financial crisis best predicted?" is still not answered. It also seems that combining of these models in a singular theory of business coexistence between neo-classical growth models during "Peace time", and unpredicted forces and engines, which move economics during "Crisis time", provide a treatment solution

Keywords: Business Coexistence; Endogenous growth theories (search for similar items in EconPapers)
JEL-codes: E20 G10 M21 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:tei:journl:v:2:y:2009:i:1:p:7-15

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