IDEAS home Printed from https://ideas.repec.org/a/agr/journl/v10(505)y2006i10(505)p67-74.html
   My bibliography  Save this article

Endogenous Growth Paradigm. Implications for Economic Policy and Theory

Author

Listed:
  • Gabriel Staicu
  • Liviu-Catalin Moraru

    (Academy of Economic Studies, Bucharest)

Abstract

The role played by endogenous growth models in growth literature might be analyzed from two perspectives. In the first place, is it emphasized the necessity to replace the hypothesis of perfect competition with monopolistic competition in every mathematical model. Secondly, there is no scientific argument to accept the assumption of unconditional income convergence among countries. Taking into consideration empirical evidence and theoretical arguments, we tried to demonstrate that, once we accept the existence of increasing returns, there is only a little place for convergence all over the world. From this perspective, we can accept the hypothesis of convergence only for some categories of countries characterized by homogeneity as regards institutional arrangement and geographical position.

Suggested Citation

  • Gabriel Staicu & Liviu-Catalin Moraru, 2006. "Endogenous Growth Paradigm. Implications for Economic Policy and Theory," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 10(10(505)), pages 67-74, December.
    • Handle: RePEc:agr:journl:v:10(505):y:2006:i:10(505):p:67-74
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/171.pdf
    Download Restriction: no
    File URL: http://www.ectap.ro/articol.php?id=171&rid=10
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:10(505):y:2006:i:10(505):p:67-74. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mircea Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.