Question

95. The endogenous growth theory seeks to provide explanation for which of the following determinants of growth that the Solow Model did not explain ?
​

Answer 1

Answer:

Endogenous growth theory is an economic theory which argues that economic growth is generated from within a system as a direct result of internal processes. More specifically, the theory notes that the enhancement of a nation's human capital will lead to economic growth by means of the development of new forms of technology and efficient and effective means of production.