Endogenous growth models posit that policy instruments, human capital accumulation and innovation processes are internal drivers of economic expansion. By incorporating fiscal variables directly into ...

Endogenous growth theory emphasises the role of knowledge accumulation, innovation and human capital in driving long-run economic expansion. Unlike exogenous models, it treats technological progress ...

For most of the twentieth century, economists treated technologyTechnology and economy as an external force, something that arrived on its own schedule and that no single decision could speed up. Paul ...