Economic growth that occurs without being the result of deliberate policy or behavior. The term arises because neoclassical growth models converge to a steady state in which per capita income is constant over time. Growth, then, requires exogenous technical progress.
Related information about exogenous growth:
- Neoclassical growth model - Wikipedia, the free encyclopedia
The neoclassical growth model, also known as the Solow–Swan growth model or exogenous growth model, is a class of economic models of long-run economic ...
- Endogenous growth theory - Wikipedia, the free encyclopedia
They favored a model that replaced the exogenous growth variable ... in equation of transitional Dynamics of Solow-Swan model (Exogenous growth model) ...
- Exogenous Growth Definition | Investopedia
The belief that economic growth arises due to influences outside the economy or company of interest. Exogenous growth assumes that economic prosperity is ...
- What is exogenous growth? definition and meaning
Definition of exogenous growth: Economic growth that occurs without being the result of deliberate policy or behavior. The term arises because neoclassical ...
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In the last few lectures, we've looked at growth theory and the stakes involved in getting the basics wrong. We saw the Solow model's predictions about ...
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Brief and Straightforward Guide: What Is Exogenous Growth?
- Convergence behaviour in exogenous growth models
Downloadable! This paper analyzes several aspects of convergence behaviour in the Solow growth model. In empirical work, a popular approach is to ...
- Theme issue on endogenous vs. exogenous growth - SpringerLink
Theme Issue On Endogenous vs. Exogenous Growth. Guest Editors' Introduction. Suppose income per capita in a nation is growing at an average rate of 2 ...