Evolutionary models of endogenous growth
Abstract
The paper presents the main lines of research followed by evolutionary models of
endogenous growth. The authors intend to show how those approaches constitute a research
program as an alternative to the one followed by the “new” endogenous growth models.
After a comparison between evolutionary and new classical micro-foundations, the text displays
a synthesis and a sample of modeling exercises along evolutionary lines.
JEL Classification: B25; O11; O41.
Keywords: Evolutionary economics endogenous growth model Kaldorian model neo-Schumpeterian analysis