Endogenous Growth Theory and Models: the “First Wave”, 1952–1973
Stephen Spear () and
Warren Young ()
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Warren Young: Bar-Ilan University
No 2016-02, Working Papers from Bar-Ilan University, Department of Economics
In previous papers (Spear and Young 2014, 2015a, 2015b), we surveyed the origins, evolution and dissemination of optimal growth, two sector and turnpike, and stochastic growth models. In this paper, we focus on endogenous growth theory and models. However, in contrast to our previous findings regarding optimal growth theory and its offshoots, which exhibited fairly direct lines of conceptual development, the endogenous growth story, as will be seen, is multifaceted, with a more complex pattern of intellectual evolution.
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