Complementarity and Substitution between the Neoclassical and Endogenous Growth Theories | ASJP

مجلة العلوم الاقتصادية والتسيير والعلوم التجارية
Volume 10, Numéro 18, Pages 28-45
2017-06-30

Complementarity And Substitution Between The Neoclassical And Endogenous Growth Theories

Authors : Younes Azzouz . Meryem Ben Dehina .

Abstract

This article attempts to define the process of complementarity and substitution between the Neoclassical and Endogenous Growth Theories. Certainly the latter based on the results of the former and tried to complete it, but they brought many radical changes, especially in regard of the origin of technical progress and releasing the assumption of perfect competition.

Keywords

Neoclassical Theory, Endogenous Growth, Steady-state

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