Teoretyczne modele wzrostu gospodarczego
Streszczenie
This paper is given to the issue of growth theory in selected models: neoclassical growth
models and models of new growth theory. The concerning neoclassical growth models are:
Solow model and augmented Solow model (called Mankiw-Romer-Weil model).
Representative models of new growth theory are Lucas and Romer models. The author
gives a detailed description of these models and denotes differences between them. According
to a neoclassical viewpoint growth is defined as being exogenous. Theorefore neoclassical
growth models are able to describe how an economy grows, but not why. The purpose of
the new growth theory is to fill this gap in the neoclassical approach to growth by taking
a step further in understanding developmental growth. It means that the long-run growth rate
of output per worker is determined by variables within the model.
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