What does it mean to say that growth is exogenous or endogenous? How does the production structure

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What does it mean to say that growth is exogenous or endogenous? How does the production structure of an endogenous growth model differ from that of the neoclassical growth 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 does it mean to say that growth is exogenous or endogenous? How does the production structure

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An endogenous variable is one in which changes in that variable are determined within the mod...View the full answer

Macroeconomics Theories and Policies

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