Neoclassical Growth Theory

2015 ◽  
pp. 11-50
Author(s):  
Sibabrata Das ◽  
Alex Mourmouras ◽  
Peter C. Rangazas
Keyword(s):  
Growth Theory ◽  
Neoclassical Growth Theory ◽  
Neoclassical Growth

scholarly journals Endogenous growth theory and regional development policy

Spatium ◽  
2015 ◽  
pp. 10-17
Author(s):  
Slobodan Cvetanovic ◽  
Milorad Filipovic ◽  
Miroljub Nikolic ◽  
Dusko Belovic
Keyword(s):  
Economic Growth ◽  
Regional Development ◽  
Endogenous Growth ◽  
Driving Forces ◽  
Growth Theory ◽  
Regional Competitiveness ◽  
Endogenous Growth Theory ◽  
Neoclassical Growth Theory ◽  
Neoclassical Growth

The numerous versions of endogenous explanations of economic growth emphasize the importance of technological change driving forces, as well as the existence of appropriate institutional arrangements. Endogenous growth theory contributes to a better understanding of various experiences with long-term growth of countries and regions. It changes the key assumptions of the Neoclassical growth theory and participates in the modern regional development physiology explanation. Based on these conclusions, the paper: a) explicates the most important theoretical postulates of the theory, b) explains the most important factors of economic growth in the regions in light of the Endogenous growth theory messages and c) emphasizes the key determinants of regional competitiveness which in our view is conceptually between the phenomena of micro- and macro-competitiveness and represents their necessary and unique connection. First of all, micro-competitiveness is transformed into a regional competitiveness; then regional competitiveness is transformed into a macro-competitiveness. In turn, macro - influences the microeconomic competitiveness, and the circle is closed. After that, the process starts over again.

scholarly journals Costly Financial Intermediation in Neoclassical Growth Theory

2011 ◽  
Author(s):  
Rajnish Mehra ◽  
Facundo Piguillem ◽  
Edward C. Prescott
Keyword(s):  
Financial Intermediation ◽  
Growth Theory ◽  
Neoclassical Growth Theory ◽  
Neoclassical Growth

Metabolic Mass Transfer Effect in Monotonic and Non-Monotonic Growth of Micro-Organisms

2003 ◽  
Author(s):  
Peter Vadasz ◽  
Alisa S. Vadasz
Keyword(s):  
Mass Transfer ◽  
Growth Theory ◽  
Lag Phase ◽  
Neoclassical Theory ◽  
Mass Transfer Effect ◽  
Future Potential ◽  
Micro Level ◽  
Micro Organisms ◽  
Neoclassical Growth Theory ◽  
Neoclassical Growth

A proposed Neoclassical growth theory of micro-organisms is shown to apply in a much wider variety of cases, from micro-level organisms via animal and human cell growth and up to the macro-level populations encountered in ecology. Including the metabolic mass transfer effects, that are an essential ingredient of the Neoclassical Theory, allows for the recovery of substantial and distinct phenomena observed experimentally. The proposed theory identifies the mechanism controlling the Lag phase, a result that holds impressive future potential in diverse applications. Different theoretical results are presented and compared with experimental data to substantiate the claim that the model based on the Neoclassical Growth Theory is the only available model that produces results, which are consistent with all experimental evidence.

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