On Sustained Growth under Uncertainty

  title={On Sustained Growth under Uncertainty},
  author={Paul de Hek and Santanu Roy},
The central purpose of theories of economic growth is to understand the factors behind long-run growth of economies and to explain differences in growth performances of economies in terms of fundamental endowments and choices. A wide class of endogenous growth models has been specified in the last decade and they have explored a large array of possible explanatory variables for the differences in observed growth rates between countries. With some notable exceptions, most of these models are… CONTINUE READING