Zdroje hospodářského růstu / Economic growth sources
Journal Title: Scientia et Societas - Year 2017, Vol 0, Issue 1
Abstract
This article deals with identification of economic growth sources, since economic growth counts as one of the key aspects, determining the living standards in the economy. Emphasis is laid on neoclassical growth models and notably on models included in the New (Endogenous) Growth Theory. Keynesian and institutional approaches to economic growth are also mentioned. Following determinants are identified as key sources of economic growth: quality and abundance of both physical and human capital, technological progress, endogenized in the New Growth Theory, and institutional environment, incorporating both the formal and informal institutions.
Authors and Affiliations
Ondrej Sankot
Keywords
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Zdroje hospodářského růstu / Economic growth sources
This article deals with identification of economic growth sources, since economic growth counts as one of the key aspects, determining the living standards in the economy. Emphasis is laid on neoclassical growth models a...