Question

neoclassical theory, new growth theory (endogenous growth theory), theory of coordination failure, o-ring theory.
given the theories or models of development which do you think is applicable to our country today if we want to address and employment and negative growth.​

Answer 1

Answer:

Neoclassical growth theory is an economic theory that outlines how a steady economic growth rate results from a combination of three driving forces—labor, capital, and technology. The National Bureau of Economic Research names Robert Solow and Trevor Swan as having the credit of developing and introducing the model of long-run economic growth in 1956. The model first considered exogenous population increases to set the growth rate but, in 1957, Solow incorporated technology change into the model.

Explanation:

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