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Investments glossary

Exogenous Growth


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Quotes of the day:

I\'m in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal.

— Milton Friedman

Exogenous growth, a key tenet of neoclassical economic theory, states that growth is fueled by technological progress independent of economic forces. Both the exogenous growth and endogenous growth theories are part of the neoclassical growth models.

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