Understanding the Drivers of Economic Growth : Grounding Endogenous Economic Growth Models in Resource-Advantage Theory

• Autorzy: Shelby D. Hunt
• Języki publikacji: EN

Abstrakty

EN

Foss (2012) provides an informed and informative comment on my article "Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation" (Hunt, 2012). In general, his comment is highly supportive of both the theory and the arguments developed in my article. He does, however, raise certain issues that need to be addressed. These issues relate to the concept of total factor productivity, the role of institutions in promoting economic growth, and the importance of understanding how transaction costs impact entrepreneurship and economic growth. This reply focuses on his discussion of growth economics and endogenous economic growth models. (original abstract)

Słowa kluczowe

EN

Ethics; Economic growth; Growth model

PL

Etyka; Wzrost gospodarczy; Modele wzrostu

• Czasopismo: Contemporary Economics
• Rocznik: 2012
• Tom: 6
• Numer: nr 4
• Strony: 4--8

Twórcy

autor

Shelby D. Hunt

• Texas Tech University, USA

Bibliografia

• Bjornskov, C., & Foss, N. (fortcoming). How Strategic Entrepreneurship and the Institutional Context Drive Economic Growth. Contemporary Economics.
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• Foss, N. (2012). Linking Ethics and Economic Growth: a Comment on Hunt. Contemporary Economics, 6(3), 4-9.
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• Hunt, S. D. (1997). Evolutionary Economics, Endogenous Growth Models, and Resource-Advantage Theory. Eastern Economic Journal, 23(4), 425-439.
• Hunt, S. D. (2000). A General Theory of Competition: Resources, Competences, Productivity, Economic Growth. Thousand Oaks, CA: Sage Publications.
• Hunt, S. D. (2012). Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation. Contemporary Economics, 6(2), 4-19.
• Robinson, J. (1933). The Economics of Imperfect Competition. London: MacMillan.
• Romer, P. M. (1986). Increasing Returns and Long-Run Growth. Journal of Political Economy, 94(5), 1002-1037.
• Romer, P. M. (1990). Endogenous Technological Change. Journal of Politician Economy, 98(5), 71-102.
• Romer, P. M. (1994). The Origins of Endogenous Growth. Journal of Economic Perspectives, 8(1), 3-22.
• Roquebert, J., Phillips, R., & Westfall. P. (1996). Markets Versus Management: What 'Drives' Profitability? Strategic Management Journal, 17(8), 653-664.
• Rumelt, R. P. (1991). How Much Does Industry Matter? Strategic Management Journal, 12(3), 167-85.
• Solow, R. M. 1994. Perspectives on Growth Theory. Journal of Economic Perspectives, 8(4), 45-54.

Identyfikatory

DOI

10.5709/ce.1897-9254.62