Publication
Feb 2011
Robert Solow's model of exogenous growth driven by the global diffusion of technology is out of fashion because it ill fits the empirical evidence. Today, economic growth is considered endogenous, and institutions are seen as central to the long-term growth process.
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English (PDF, 19 pages, 551 KB) |
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Author | Charles Kenny |
Series | CGD Essays |
Publisher | Center for Global Development (CGD) |
Copyright | © 2011 Center for Global Development (CGD) |