What features of the neoclassical growth model led to the criticism that the model did not really

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What features of the neoclassical growth model led to the criticism that the model did not really explain the processes that generated economic growth? How do endogenous growth models try to remedy this possible weakness of the neoclassical model?

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Macroeconomics Theories and Policies

ISBN: 978-0132831529

10th edition

Authors: Richard T. Froyen

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Question Posted: May 24, 2016 06:48 AM

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What features of the neoclassical growth model led to the criticism that the model did not really

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In the neoclassical growth model factors such as savings populatio...View the full answer

Macroeconomics Theories and Policies

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