Posted: December 10th, 2014

What are the differences between the neoclassical and structural evolutionary theories of economic growth?

What are the differences between the neoclassical and structural evolutionary theories of economic growth? Articulate each theory clearly and point out the

differences. What are the implications of looking at the long-run economic growth process using each of the theories? What roles do diminishing, constant and

increasing returns play in these theories? What are the policy implications of looking at growth in these two ways?

Final Exam

Instructions: Answer all three questions below in a word processed document. You have one week. You may hand in a hard copy to my office SCI 263. Do not email a copy

of your exam to Blackboard.

What are the differences between the neoclassical and structural evolutionary theories of economic growth? Articulate each theory clearly and point out the

differences. What are the implications of looking at the long-run economic growth process using each of the theories? What roles do diminishing, constant and

increasing returns play in these theories? What are the policy implications of looking at growth in these two ways? (Use diagrams, graphs and equations where

appropriate.)

Why did the Industrial Revolution occur when and where it did and not elsewhere? What is your conclusion about the appropriate policy advice to give to economies

trying to develop today?

Define technological complementarity. What is the difference among the concepts of technological complementarity, spillovers, externalities, combinatorics and

concatenation? Explain why technological complementarities and uncertainty exist and what the implications of these are for the process of technological change and

economic growth. How are the above concepts related to each other in the production of knowledge? What are the implications for thinking about economic growth

processes with these factors in play?

PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT 🙂