Endogenous Growth Theory
Growth theory seeks to explain the rate of GDP growth in different countries.
Endogenous growth theory assumes that marginal productivity of capital does not necessarily decline as capital is added. Instead, technological advances and improved labor force education can increase productivity and lead to efficiency gains. As such, the economy may never reach a steady state.
For more information, see all articles on: Economic Analysis See also:
The Intelligent Investor: The Classic Text on Value Investing
Financial Statement Analysis: A Practitioner's Guide, 3rd Edition
Managing Investment Portfolios: A Dynamic Process (CFA Institute Investment Series)
