Growth, Trade, Globalization

  • Giancarlo Gandolfo


Equilibrium growth in the basic neoclassical growth model is exogenous: the steady state path, in fact, depends on factors such as the rate of growth of the labour force and technical progress. Both are exogenous: the labour force grows according to exogenous demographic factors, and technical progress is no more than an exogenous time trend.


Transport Cost Endogenous Growth Technical Progress Intermediate Good Integrate Framework 
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Suggested Further Reading

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Copyright information

© Springer-Verlag Berlin Heidelberg 2004

Authors and Affiliations

  • Giancarlo Gandolfo
    • 1
  1. 1.Faculty of EconomicsUniversity of Rome La SapienzaRomaItaly

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