Review Of Theories And Models Of Economic Growth

Łukasz Piętak

doi:10.2478/cer-2014-0003

Authors

Łukasz Piętak University of Łódź, Faculty of Economics and Sociology, Departament of World Economy and European Integration

DOI:

https://doi.org/10.2478/cer-2014-0003

Keywords:

economic growth, theories of economic growth, models of economic growth, balanced growth

Abstract

The subject of this article is a review of the theories and models of economic growth. In the first section, the author analyzes the theories of economic growth, such as Schumpeter’s, Lewis’s and Rostow’s theory. In the second part there is a review of the models of economic growth. In this part the author divides models into two groups: exogenus models and endogenus models. The article finishes with conclusions concerning the issues discussed. The method used in writing the article is an analysis of the English and Polish literature on the subject.

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