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Towards a renovated theory of classical growth

Author

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  • Homero Cuevas

    (Universidad Nacional de Colombia)

Abstract

This essay first lists an inventory of the neoclassical model of endogenous growth’s notorious deficiencies. The second part attempts to construct a model of growth based on a classical model of prices in general equilibrium

Suggested Citation

  • Homero Cuevas, 2003. "Towards a renovated theory of classical growth," Colombian Economic Journal, Academia Colombiana de Ciencias Economicas, Colegio Mayor de Nuestra Senora del Rosario, Pontificia Universidad Javeriana, Universidad de Antioquia, Universidad de los Andes, Universidad del Valle, Universidad Externado de Colombia, Universidad Nacional de Colombia, vol. 1(1), pages 221-244, December.
    • Handle: RePEc:cej:primer:v:1:y:2003:i:1:p:221-244
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    File URL: http://www.fce.unal.edu.co/cej/number1/8-Homero.pdf
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    More about this item

    Keywords

    growth economics; endogenous growth; classical growth; neoclassical growth; growth theory;
    All these keywords.

    JEL classification:

    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • E39 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Other
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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