endogenous growth theory
Definition
The concept that government policies (except international trade policies), access to capital and human resources, and internal processes affect economic growth. The theory, popularized in the 1980s, is used to explain the economic advantages of industrialized countries versus non-industrialized or emerging countries. Technological advancements are discounted when explaining economic growth. Opposite of exogenous growth theory.
Related Articles
- An Explanation of REITs *
- Types of Retirement Plans *
- Types of Accounts Typically Offered by Banks *
- Can VAT Help America? *
- Information on the Less Commonly Used Types of Insurance *
- "Buy Butterfly" Option Investment Strategy *
- Common Stock Strategies - Part 1 *
- Equity Derivatives *
Related Videos
http://www.businessdictionary.com/definition/endogenous-growth-theory.html
