Wednesday, June 20, 2012

Odlican tekst o endogenom rastu

odlican pregled Petera Howita

Stephen L. Parente

Abstract: Fifteen years have passed since Paul Romer published his seminal paper that launched the field of endogenous growth. Today seems like an appropriate time to reflect back on this field and assess its contribution. My own assessment is that this line of research has not proven useful for understanding the most important question faced by economists today, namely, why isn’t the whole world rich. Exogenous growth theory, in contrast, is. Endogenous growth may prove useful for understanding growth in world knowledge over time, but it is not useful for understanding why some countries are so poor relative to the United States today.

1 comment:

ac-dc said...

Ovaj clanak je Menkju ubacio u poslednje izdanje principa.