Talk:Endogenous growth theory

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Critics[edit]

The article is close to useless, because there is no clear definition of y and k, nor of the functions. I have tried to fix it.

This should be elaborated upon. Most endogenous growth theories DO predict non-convergence although I guess some folks may feel that they don't do this in a satisfactory way. The article also states something along the lines of "it is generally felt" which is wishy washy and needs some citations.radek 05:12, 24 January 2007 (UTC)


Article needs to be corrected. In Solow's model ('old growth theory') the proportion of savings will have no effect on the warranted (long-term) growth rate. According to Solw, technological change, given exogenously, is the only factor that can increase the warranted rate.

Fair use rationale for Image:Pyat rublei 1997.jpg[edit]

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BetacommandBot 11:26, 6 July 2007 (UTC)

Rewrite[edit]

This article needs to rewritten. It reads like it was created by an under-graduate with only minimal knowledge of the subject. If anyone wants to help out contact me on my talk page or here. MartinDK 17:04, 14 July 2007 (UTC)

i agree. furthermore the link on peter howitt at the bottom of the page, surely, is wrong. —The preceding unsigned comment was added by Smt2007

(talkcontribs) 22:53, August 21, 2007 (UTC). 

I also agree that this page needs to be re-written - but could you please make the explanation a little more "accessible" to the layman?

Statement about recent growth theory [edit]

The article contains this statement:

The main implication of recent growth theory is that policies which embrace openness, competition, change and innovation will promote growth. Conversely, policies which have the effect of restricting or slowing change by protecting or favouring particular industries or firms are likely over time to slow growth to the disadvantage of the community.

This is very contentious. In fact in development economics there is a strong train of thought that policies to encourage LDCs to "embrace openness, competition, change and innovation" is in fact a policy that acts (intentionally or not) to inhibit their development to the advantage of more developed countries.

See http://www.paecon.net/PAEtexts/Chang1.htm and the book "Putting Development First: The Importance of Policy Space in the WTO and IFIs" edited by Kevin P. Gallagher http://www.bu.edu/ir/faculty/gallagher.html Worik (talk) 20:38, 15 February 2009 (UTC)

these theories are non valid —Preceding unsigned comment added by 117.200.81.243 (talk) 08:04, 3 April 2009 (UTC)

Look out for possible copyright violations in this article[edit]

This article has been found to be edited by students of the Wikipedia:India Education Program project as part of their (still ongoing) course-work. Unfortunately, many of the edits in this program so far have been identified as plain copy-jobs from books and online resources and therefore had to be reverted. See the India Education Program talk page for details. In order to maintain the WP standards and policies, let's all have a careful eye on this and other related articles to ensure that no material violating copyrights remains in here. --Matthiaspaul (talk) 12:25, 1 November 2011 (UTC)

+ Look out for possible missing bits?[edit]

...

This para >

The initial research was based on the work of Kenneth Arrow (1962), Hirofumi Uzawa (1965), and Miguel Sidrauski (1967).[2] Paul Romer (1986), Lucas (1988),[3] and Rebelo (1991)[4][5] omitted technological change. Instead, growth in these models was due to indefinite investment in human capital which had spillover effect on economy and reduces the diminishing return to capital accumulation.[6]

> Missing name between [4][5] ? > Missing start of sentence, after [5] ?

Avaiki (talk) 13:46, 20 January 2012 (UTC)

@Avaiki: The sentence makes sense, so perhaps no part of it is missing. [4][5] could be two refs for the same name? Jonpatterns (talk) 19:27, 2 June 2015 (UTC)

Romer Model[edit]

There is an draft article Draft:Romer_Model. Should this draft be fleshed out into its own article and released into main name space, or would it be better to merge contents into this article, or none of the above?Jonpatterns (talk) 19:27, 2 June 2015 (UTC)