Endogenous and exogenous growth theories.

May 13th, 2015
Studypool Tutor
University of St. Thomas
Course: general
Price: $25 USD

Tutor description

The exogenous economic theory is a neoclassical perspective of the well renowned economist Robert Solow.

Word Count: 904
Showing Page: 1/6
Endogenous and exogenous growth theoriesComparison between Endogenous and exogenous theoriesNeoclassical perspective and Exogenous Economic theoryThe exogenous economic theory is a neoclassical perspective of the well renowned economist Robert Solow. The exogenous theory makes the assumption that economic growth primarily depends upon the external factors such as political turmoil or stability, natural disasters, technological advancements and international market equilibrium. According to exogenous theory, if all external factors are made static, for example if no technology developments add up to the system of an organization or a state, the economic growth will cease after touching a particular tipping point. This school of thought believes that Organizational policies, systematically improved infrastructure and other internal factors play no role in enhancing capitals and economic performances. External factors greatly impact the equilibrium factor between demand and supply upon which basic ideology of economic growth put rest [Exogenous Growth (2014)].Classical perspective and Endogenous Economic theoryIn contrast with the neoclassical beliefs in economics, most famous and relevant classical theory of economic growth is endogenous economic growth theory. Endogenous theory believes in internal factors such as investments and brain stormed organizational policies to be the prime contribution in economic expansion of the state or any other organization. O

Review from student

Studypool Student
" Thank you, Thank you, for top quality work, this is your guy!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors