A Classical Model of Economic Growth
Universidad Nacional de Colombia - Facultad de Ciencias Econimicas
Revista de Economía Institucional, Vol 3, 2001
This essay focuses on the conditions under which spontaneous growth in a developed economy create inestability, fluctuations and resources waste in a endogenous manner, in contrast with the neoclassical theories of economic cycles generated by exogenous shocks.
Number of Pages in PDF File: 20
Keywords: economic growth, cycles, endogenous shock, exogenous shock
JEL Classification: D59, E13, E39Accepted Paper Series
Date posted: November 7, 2003
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