Abstract
Endogenous growth theory explains long-run growth as emanating from economic activities that create new technological knowledge. This article sketches the outlines of the theory, especially the ‘Schumpeterian’ variety, and briefly describes how the theory has evolved in response to empirical discoveries.
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Howitt, P. (2018). Endogenous Growth Theory. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2545
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2545
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