Abstract

HOMERO, Cuevas. A CLASSICAL MODEL OF ECONOMIC GROWTH. Rev.econ.inst. [online]. 2001, vol.3, n.4, pp.32-51. ISSN 0124-5996.

This essay focuses on the conditions under which spontaneous growth in a developed economy create inestability, fluctuations and resources waste in a endogenous manner, in contrast with the neoclassical theories of economic cycles generated by exogenous shocks.

Keywords : economic growth; cycles; endogenous shock; exogenous shock.

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