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GENERAL CONSIDERATION OVER EXOGENOUS GROWTH MODELS


DROB CATALIN
UNIVERSITY OF BACĂU

Issue:

MOCM, Number 16, Volume I

Section:

Issue No. 16 - Volume I (2010)

Abstract:

This study aims it's to present the main characteristics of the exogenous growth models. The exogenous growth models considerate that the long-run rate of growth is exogenously determined. The most famous exogenous growth models are the Harrod-Domar model and the Solow model. These models represent the starting point for almost all analysis of economic growth. The main limits of exogenous growth models are the fact that these models taking into account some simplifying assumptions which are not all realistic.

Keywords:

growth, exogenous factors, models, production factors.

Code [ID]:

MOCM201016V01S01A0003 [0002765]


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