Topic > Endogenous Growth Theories - 974

For those who hold the neoclassical point of view, it would appear that government fiscal policy can influence economic growth only in the short run, and that long-run economic growth is left aside . determined by exogenous factors. On the other side of the barricade there are those who trust in the theory of new endogenous economic growth, according to which the government's fiscal policy and the economic situation of a country can influence the technological factor through the promotion of innovation and the increase in human resources.