The Evolution
The Evolution
复制标题
进化
DOI:
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发表时间:
2020
期刊:
影响因子:
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通讯作者:
Carolyn Devereux
中科院分区:
文献类型:
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作者:
Carolyn Devereux
Models of economic growth began to be actively developed in the second half of the 20th century. Over the past time, two classes of such models have changed: the ones which described exogenous and endogenous economic growth. But, despite the change of classes, a certain evolution of scientific thought can be traced in the development of theories of economic growth. This article reflects an example of such a transformation through the analysis of the theory of unified growth by O. Galor and D. Weil. Being developed in the 2000s, it refers to attempts to create a single model of economic development throughout the history of mankind. This article shows the links between the theory of unified growth by O. Galor and D. Weil and the well-known models of economic growth by R. Solow, P. Samuelson, P. Diamond, etc. As shown in this article, even in modern theories of economic growth, the mechanisms of the very first models are used; in particular, the use of elements from earlier models in a unified theory of growth is presented. It is likely that only by combining elements of simpler models is it possible to create a universal model for complex modeling of economic growth in different eras.