The primary difference between the endogenous and neoclassical growth theory models consists of the role played by

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The primary difference between endogenous and neoclassical growth theory models lies in how they treat technological change. Neoclassical models often view technological change as an external factor not explained within the model, while endogenous growth theories explicitly incorporate technological progress and innovation as a result of economic activities and decisions within the model.

The Primary Difference Between the Endogenous and Neoclassical Growth Theory