Published April 5, 2026
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DYNAMIC MODELS OF ECONOMIC GROWTH: THE SOLOW GROWTH MODEL AND ENDOGENOUS GROWTH THEORY
Authors/Creators
- 1. Senior lecturer of the department of "Economic Theory" Samarkand institute of economics and service
- 2. Student of Samarkand institute of economics and service
Description
This article examines dynamic models of economic growth with a particular focus on the Solow Growth Model and Endogenous Growth Theory. The study provides a comprehensive theoretical analysis of the mechanisms that drive long-term economic growth, including capital accumulation, labor dynamics, technological progress, and human capital development. Special attention is given to the differences between exogenous and endogenous approaches to growth, highlighting their implications for economic policy and development strategies. The article also explores extended versions of growth models incorporating innovation, research and development, and knowledge spillovers.
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References
- .Robert M. Solow, R. M. (1956). A contribution to the theory of economic growth. The Quarterly Journal of Economics, 70(1), 65–94. https://doi.org/10.2307/1884513
- .Trevor W. Swan, T. W. (1956). Economic growth and capital accumulation. Economic Record, 32(2), 334–361. https://doi.org/10.1111/j.1475-4932.1956.tb00434.x
- Paul M. Romer, P. M. (1990). Endogenous technological change. Journal of Political Economy, 98(5), S71–S102. https://doi.org/10.1086/261725
- .Robert E. Lucas Jr., R. E. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3–42. https://doi.org/10.1016/0304-3932(88)90168-7
- .N. Gregory Mankiw, N. G., David Romer, D., & David N. Weil, D. N. (1992). A contribution to the empirics of economic growth. The Quarterly Journal of Economics, 107(2), 407–437. https://doi.org/10.2307/2118477