The subject of this paper is to re-examine economic growth not as a result of "exogenous technological progress" or "marginal ...

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 ...

The latest winner of the Nobel Prize in Economic Sciences is Professor Paul Romer. He achieved this prestigious accolade for his work on endogenous growth theory ...