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Hunt Shelby D. (Texas Tech University, USA)
Understanding the Drivers of Economic Growth : Grounding Endogenous Economic Growth Models in Resource-Advantage Theory
Contemporary Economics, 2012, vol. 6, nr 4, s. 4-8, bibliogr. 15 poz.
Słowa kluczowe
Etyka, Wzrost gospodarczy, Modele wzrostu
Ethics, Economic growth, Growth model
Foss (2012) provides an informed and informative comment on my article "Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation" (Hunt, 2012). In general, his comment is highly supportive of both the theory and the arguments developed in my article. He does, however, raise certain issues that need to be addressed. These issues relate to the concept of total factor productivity, the role of institutions in promoting economic growth, and the importance of understanding how transaction costs impact entrepreneurship and economic growth. This reply focuses on his discussion of growth economics and endogenous economic growth models. (original abstract)
Pełny tekst
  1. Bjornskov, C., & Foss, N. (fortcoming). How Strategic Entrepreneurship and the Institutional Context Drive Economic Growth. Contemporary Economics.
  2. Chamberlin, E. (1933). The Theory of Monopolistic Competition. Cambridge, MA: Harvard University Press.
  3. Foss, N. (2012). Linking Ethics and Economic Growth: a Comment on Hunt. Contemporary Economics, 6(3), 4-9.
  4. Lucas, R. E. (1988). On the Mechanics of Economic Development. Journal of Monetary Economics, 22(1), 3-42.
  5. Nelson, R. R., & Winter, S. (1982). An Evolutionary Theory of Economic Change. Cambridge, MA: Belknap Press.
  6. Hunt, S. D. (1997). Evolutionary Economics, Endogenous Growth Models, and Resource-Advantage Theory. Eastern Economic Journal, 23(4), 425-439.
  7. Hunt, S. D. (2000). A General Theory of Competition: Resources, Competences, Productivity, Economic Growth. Thousand Oaks, CA: Sage Publications.
  8. Hunt, S. D. (2012). Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation. Contemporary Economics, 6(2), 4-19.
  9. Robinson, J. (1933). The Economics of Imperfect Competition. London: MacMillan.
  10. Romer, P. M. (1986). Increasing Returns and Long-Run Growth. Journal of Political Economy, 94(5), 1002-1037.
  11. Romer, P. M. (1990). Endogenous Technological Change. Journal of Politician Economy, 98(5), 71-102.
  12. Romer, P. M. (1994). The Origins of Endogenous Growth. Journal of Economic Perspectives, 8(1), 3-22.
  13. Roquebert, J., Phillips, R., & Westfall. P. (1996). Markets Versus Management: What 'Drives' Profitability? Strategic Management Journal, 17(8), 653-664.
  14. Rumelt, R. P. (1991). How Much Does Industry Matter? Strategic Management Journal, 12(3), 167-85.
  15. Solow, R. M. 1994. Perspectives on Growth Theory. Journal of Economic Perspectives, 8(4), 45-54.
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