Does the different theories of economoc growth (such as the
neoclassical growth theory and the endogenous growth theory)
effectively explained how technical progress influences economic
growth?
Endogenous growth is most closely associated with what theory of
economic development?Choose one:A. Todaro's model of growthB. the Solow modelC. New
Growth TheoryD. classical growth theory
Contrast the neoclassical economic theory with the new economic
theories (new endogenous growth theory, new economic geography, and
strategic trade theory)? Do the new economic theories reject the
neoclassical economic theory? Substantiate your arguments with real
world case(s) and example(s). ( Explain it in detail)
What are the main ideas of the theory you find most
plausible? Define and discuss the theory in your own
words.
What examples from popular culture can you find to
support your theory?
Compare the neoclassical model, the new endogenous growth model
and the strategic trade theory. Any differences between these
theories? What are the differences? Explain in detail.
How does endogenous growth theories explain that one should not expect growth in
Labor productivity converges towards a common growth rate without the contrary
can expect permanent differences in growth rates between countries?
Critically access the theoretical propositions of the Solow
neo-classical model of growth. How does endogenous growth model
help to address some of the weaknesses of the Solow model?
Illustrate the implications of technical advances and saving rates
increase on growth according to both of these approaches.50
marks