Endogenous Economic Growth Theories
neoclassical growth theorycapital accumulationlabor force expansiontechnological progressendogenous growth theoryemploymenthuman capitalknowledge spilloversdevelopmenteconomic growthresearchinnovationinfrastructureeducationtechnologyr&dincome levels
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Endogenous Growth Theory emphasizes internal drivers such as human capital, research, innovation, and knowledge spillovers to sustain long-term economic growth without relying on external factors. Traditional models like the neoclassical growth theory focus on capital accumulation and labor force expansion as drivers of economic growth.
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- 17.09.2025
