Each of the following is an important element of endogenous growth theory except

Question

Quizplus · Accepted Answer

Endogenous growth theory primarily focuses on how economic activities within the system contribute to growth, emphasizing factors like technology's partial excludability, nonrivalry, absence of diminishing returns, and its role in the production function. Government subsidies, while they can influence growth, are not a core element of the theory itself, which is more concerned with the intrinsic properties of technology and how they contribute to growth.

Each of the Following Is an Important Element of Endogenous