economic growth

(redirected from Growth theory)
Also found in: Dictionary, Thesaurus, Financial.

economic growth

growth in the GROSS NATIONAL PRODUCT (GNP). A distinction can be drawn between theories of economic growth (in ECONOMICS) which emphasize primarily economic variables, such as levels of saving and investment (e.g. the Harrod-Domar model) and those which are more sociological and take account of wider social as well as more narrowly economic factors (e.g. SCHUMPETER or ROSTOW).
References in periodicals archive ?
The endogenous growth theory has developed several types of endogenous growth models that can be grouped into two categories:
13) Philippe Aghion and Peter Howitt, Endogenous Growth Theory.
endogenous growth theory, measuring optimal convergence by country
The following groups of growth and development theories could be suggested after a vast amount of a relevant analysis of scientific literature considering post-1945 development theories: linear stages-of-growth theories, the theories and patterns of structural changes, the international dependence revolution, the neo-classical free-market counterrevolution, the new growth theory, the unified growth theory (Todaro, Smith 2011; Lankauskiene, Tvaronaviciene 2012).
1998), Endogenous Growth Theory, Cambridge, Cambridge University Press.
Whereas the "old" neoclassical growth theory tends to assume that both the saving and technological growth rates are exogenous, the "new" theory postulates their endogeneity.
With the emergence of the endogenous growth theory, several studies have attempted to show how the operation and policies of the financial section may affect the rate of economic growth (Roubini and Sala-I-Martin, 1992; Pagano, 1993; Siddiki, 2002).
With the establishment of the GGGI, the founding member-countries move towards shaping the global knowledge agenda for green growth, a global initiative that will work on identifying and addressing major knowledge gaps in green growth theory and practice.
I wonder what kind of economics he studied, he seems to have had no clue about anything except the endogenous growth theory.
Unified Growth Theory by economist Oded Galor advances a theory of economic growth that accounts for the Malthusian epoch (100,000 BCE-1750), Post-Malthusian regime (1750-1870), and the Modern Growth regime (1870-present).
Mr Balls - famous for having Gordon Brown talk of post-neo-classical endogenous growth theory in a speech - had journalists scratching their heads and reaching for jargon dictionaries again when he warned of the dangers of "hysteresis".