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A Classical Model of Economic Growth

Revista de Economía Institucional, Vol 3, 2001

20 Pages Posted: 7 Nov 2003

See all articles by Homero Cuevas

Homero Cuevas

Universidad Nacional de Colombia - Facultad de Ciencias Econimicas

Abstract

This essay focuses on the conditions under which spontaneous growth in a developed economy create inestability, fluctuations and resources waste in a endogenous manner, in contrast with the neoclassical theories of economic cycles generated by exogenous shocks.

Keywords: economic growth, cycles, endogenous shock, exogenous shock

JEL Classification: D59, E13, E39

Suggested Citation

Cuevas, Homero, A Classical Model of Economic Growth. Revista de Economía Institucional, Vol 3, 2001, Available at SSRN: https://ssrn.com/abstract=446700 or http://dx.doi.org/10.2139/ssrn.446700

Homero Cuevas (Contact Author)

Universidad Nacional de Colombia - Facultad de Ciencias Econimicas ( email )

Carrera 30 45-03
Bogota, None
Colombia

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