Jánossy elmélete az új növekedéselmélet tükrében

Arbeitspapier

If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of economic development" in a very original way and having formulated his theory in a specific language. He managed to identify the "carrier" of development focusing on the systematic examination of the post-war reconstruction periods, and setup a hypothesis being ascribed to his name, which allowed him to forecast - as the first and the only one in the world - the end of the post-war golden age, a decade in advance. The present study is aimed at comparing and contrasting Janossy's specifically formulated and highly genuine theories and ideas to the contemporary neo-classical economics and to the endogenous growth theory that have appeared in the nineties. The "real carrier of economic development" matches to the "human capital" of the contemporary neo-classical theory while in the endogenous growth theory it does match to the "technological progress", both appearing as separate factors of production. We present a new growth model that satisfies the best our considerations to which the a longitudinal model fitting is done for Maddison's [2003] historical data - from 1870 to present for the 19 most developed OECD countries - and for the post-war reconstruction period, as well. The same model is applied for a cross-regional analysis, after having calculated the rates of return on capital a ranking has been performed for nearly 300 (EU-27 NUTS 2) regions in the period of 2000-2005.

Object Details

• ISBN: 978-963-9796-89-8
• Language: Ungarisch

References and Relationships

• Bibliographic citation: Series: IEHAS Discussion Papers ; No. MT-DP - 2010/2

Classification and Topics

• Classification: Wirtschaft ; Macroeconomic Analyses of Economic Development ; Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure ; Technological Change: Choices and Consequences; Diffusion Processes ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: General, International, or Comparative
• Subject: endogenous growth theory ; leader-follower model ; human capital ; Endogenes Wachstumsmodell ; Humankapital ; Technischer Fortschritt ; Innovationsdiffusion ; Technologietransfer ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Tarján, Tamás
• Event: Veröffentlichung
• (who): Hungarian Academy of Sciences, Institute of Economics
• (where): Budapest
• (when): 2010

Further information

• Handle: http://hdl.handle.net/10419/108174
• Last update: 10.03.2025, 11:43 AM CET