Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/66582
Authors: 
Molochny, Boris
Year of Publication: 
2009
Citation: 
[Journal:] International Journal of Economic Sciences and Applied Research [ISSN:] 1791-3373 [Volume:] 2 [Year:] 2009 [Issue:] 1 [Pages:] 7-15
Abstract: 
This paper reviews endogenous growth theories in the light of the modern reality. It seems that economies which are similar in technologies and preferences are expected to converge to the same level of per capita income. The question How are repetitions of financial crisis best predicted? is still not answered. It also seems that combining of these models in a singular theory of business coexistence between neo-classical growth models during Peace time, and unpredicted forces and engines, which move economics during Crisis time, provide a treatment solution.
Subjects: 
business coexistence
endogenous growth theories
JEL: 
E20
G10
M21
Document Type: 
Article

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