The endogenous growth theory was developed by Romer, Lucas, King and Rebelo, and other scholars to address the failures of the neoclassical model. The purpose of the endogenous growth theory are analyzed, clarified the mechanism generating endogenous economic growth, this explains why the Nations of the world have different growth rates. The growth comes from innovation efforts in manufacturing, in which endogenous innovation, reflected in the business analysis to evaluate the effectiveness of the efforts to achieve its innovation compared to the traditional production methods, so the choice of the mode of production and the type of new products to meet the needs of the potential market.
đang được dịch, vui lòng đợi..
