Discussion on the conclusions of the Neoclassical Growth Theory and the New Growth Theory and the alternative explanation for the different economic performance
The paper in the first instatnce resumes the conclusions of the most important contemporary growth approaches – the Neoclassical Growth Theory and the New Growth Theory. In the third part there are discused crucial aspects of the both growth approaches and are mentioned some empirical arguments. The...
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| Format: | Article |
| Language: | English |
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Mendel University Press
2005-01-01
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| Series: | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| Subjects: | |
| Online Access: | https://acta.mendelu.cz/53/3/0251/ |
| _version_ | 1818512826677854208 |
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| author | Luděk Kouba |
| author_facet | Luděk Kouba |
| author_sort | Luděk Kouba |
| collection | DOAJ |
| description | The paper in the first instatnce resumes the conclusions of the most important contemporary growth approaches – the Neoclassical Growth Theory and the New Growth Theory. In the third part there are discused crucial aspects of the both growth approaches and are mentioned some empirical arguments. The final part of this paper presents three conclusions: the challenge to validity of the New Growth Theory. The question about the basic traditional growth theory assumption that individual economies occur the production possibility frontier. And finally the conviction that the necessary condition for the succesful economic development is the right institutional system. |
| first_indexed | 2024-12-10T23:52:30Z |
| format | Article |
| id | doaj.art-bc0597e326cd42f2b5bfb85f5304d7c4 |
| institution | Directory Open Access Journal |
| issn | 1211-8516 2464-8310 |
| language | English |
| last_indexed | 2024-12-10T23:52:30Z |
| publishDate | 2005-01-01 |
| publisher | Mendel University Press |
| record_format | Article |
| series | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| spelling | doaj.art-bc0597e326cd42f2b5bfb85f5304d7c42022-12-22T01:28:42ZengMendel University PressActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis1211-85162464-83102005-01-0153325125610.11118/actaun200553030251Discussion on the conclusions of the Neoclassical Growth Theory and the New Growth Theory and the alternative explanation for the different economic performanceLuděk Kouba0Ústav ekonomie, Mendelova zemědělská a lesnická univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republikaThe paper in the first instatnce resumes the conclusions of the most important contemporary growth approaches – the Neoclassical Growth Theory and the New Growth Theory. In the third part there are discused crucial aspects of the both growth approaches and are mentioned some empirical arguments. The final part of this paper presents three conclusions: the challenge to validity of the New Growth Theory. The question about the basic traditional growth theory assumption that individual economies occur the production possibility frontier. And finally the conviction that the necessary condition for the succesful economic development is the right institutional system.https://acta.mendelu.cz/53/3/0251/Neoclassical Growth TheoryNew Growth Theoryeconomic performanceinstitutional system |
| spellingShingle | Luděk Kouba Discussion on the conclusions of the Neoclassical Growth Theory and the New Growth Theory and the alternative explanation for the different economic performance Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Neoclassical Growth Theory New Growth Theory economic performance institutional system |
| title | Discussion on the conclusions of the Neoclassical Growth Theory and the New Growth Theory and the alternative explanation for the different economic performance |
| title_full | Discussion on the conclusions of the Neoclassical Growth Theory and the New Growth Theory and the alternative explanation for the different economic performance |
| title_fullStr | Discussion on the conclusions of the Neoclassical Growth Theory and the New Growth Theory and the alternative explanation for the different economic performance |
| title_full_unstemmed | Discussion on the conclusions of the Neoclassical Growth Theory and the New Growth Theory and the alternative explanation for the different economic performance |
| title_short | Discussion on the conclusions of the Neoclassical Growth Theory and the New Growth Theory and the alternative explanation for the different economic performance |
| title_sort | discussion on the conclusions of the neoclassical growth theory and the new growth theory and the alternative explanation for the different economic performance |
| topic | Neoclassical Growth Theory New Growth Theory economic performance institutional system |
| url | https://acta.mendelu.cz/53/3/0251/ |
| work_keys_str_mv | AT ludekkouba discussionontheconclusionsoftheneoclassicalgrowththeoryandthenewgrowththeoryandthealternativeexplanationforthedifferenteconomicperformance |