Paths of economic development: modelling factors of endogenous growth

Angelo Fusari ()

MPRA Paper from University Library of Munich, Germany

Abstract: This article sets out a model giving an interpretation of the engine of economic development and growth, and business cycle. Based on a peculiar concept of dynamic competition, the model explains innovation and uncertainty and describes the way equilibrating and disequilibrating processes are intertwined and operate. It also carries out concise application to successive stages of economic development, along with some econometric application, that demonstrates the degree of generality and flexibility of the theory proposed and provides a comprehensive interpretative tool and pictures of different growth processes and the crucial factors on which they depend.

Keywords: Economic theory; Growth and development; Business cycles; Dynamic competition; Innovation; Radical uncertainty (search for similar items in EconPapers)
JEL-codes: A10 C1 C5 E0 P0 (search for similar items in EconPapers)
Date: 1994-08-03, Revised 1994
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:75165

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