A Classical Model of Economic Growth
Revista de Economía Institucional, Vol 3, 2001
20 Pages Posted: 7 Nov 2003
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: Suggested Citation