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.
Uganda’s growth Determinants: A Test of the Relevance of the Neoclassical Growth Theory
