Endogenous economic growth under globalization: an approach to modeling

Authors

  • Кирилл Юрьевич Борисов St. Petersburg Institute for Economics and Mathematics, Russian Academy of Sciences, 1, Chaikovskogo ul., St. Petersburg, 191187, Russian Federation
  • Владислав Юрьевич Фадеев St. Petersburg Institute for Economics and Mathematics, Russian Academy of Sciences, 1, Chaikovskogo ul., St. Petersburg, 191187, Russian Federation

Abstract

A growth model of a globalized economy combining an AK-model and a model of exogenous economic growth is proposed. A distinguishing feature of this model is that economic growth can be considered exogenous for a particular country, but is endogenous for the world economy as a whole.

Keywords:

Macroeconomic modelling

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Author Biographies

Кирилл Юрьевич Борисов, St. Petersburg Institute for Economics and Mathematics, Russian Academy of Sciences, 1, Chaikovskogo ul., St. Petersburg, 191187, Russian Federation

кандидат физико-математических наук, старший научный сотрудник

Владислав Юрьевич Фадеев, St. Petersburg Institute for Economics and Mathematics, Russian Academy of Sciences, 1, Chaikovskogo ul., St. Petersburg, 191187, Russian Federation

аспирант

References

Литература на русском языке

Никайдо Х. Выпуклые структуры и математическая экономика. М., 1972.

Шараев Ю. В. Теория экономического роста. М., 2006.


References in Latin Alphabet

Galor O. Convergence? Inferences from theoretical models // Economic Journal. 1996. Vol. 106. P. 1056–1069.

Rebelo S. Long-run policy analysis and long-run growth // Journal of Political Economy. 1991. Vol. 99. P. 500–521.

Romer P. Increasing returns and long-run growth // Journal of Political Economy. 1986. Vol. 94. P. 1002–1037.

Solow R. A contribution to the theory of economic growth // Quarterly Journal of Economics. 1956. Vol. 70. P. 65–94.


Translation of references in Russian into English

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Published

2007-09-28

How to Cite

Борисов, К. Ю., & Фадеев, В. Ю. (2007). Endogenous economic growth under globalization: an approach to modeling. St Petersburg University Journal of Economic Studies, (3), 007–012. Retrieved from https://economicsjournal.spbu.ru/article/view/3819

Issue

No. 3 (2007)

Section

Macroeconomic modelling

License

Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.

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