The Theory of Efficient Growth

Germinal Van ()

EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels

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: 2022-03-09
New Economics Papers: this item is included in nep-gro and nep-mac
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http://www.eeri.eu/documents/wp/EERI_RP_2022_09.pdf (application/pdf)

Related works:
Journal Article: The Theory of Efficient Growth (2022)
Working Paper: The Theory of Efficient Growth (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:eei:rpaper:eeri_rp_2022_09

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