Is the natural rate of growth exogenous?
In mainstream growth theory, including endogenous growth theory, the naturalrate of growth as defined by Harrod, is still treated as exogenous. In practice, however, both the growth of the labour force and the growth of labour productivity are endogenous to demand. This has theoretical implications...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2000-12-01
|
| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9925/9807 |