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

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Contemporary Economics ; ISSN: 2084-0845 ; Volume: 6 ; Year: 2012 ; Issue: 4 ; Pages: 4-6 ; Warsaw: Vizja Press & IT

Classification and Topics

• Classification: Wirtschaft ; Neoclassical Models of Trade ; Computable General Equilibrium Models ; International Policy Coordination and Transmission ; Current Account Adjustment; Short-term Capital Movements
• Subject: ethics ; trust ; resource-advantage theory ; economic growth ; endogenous economic growth models ; consumer behaviour ; purchase decision making ; decision-making process

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Hunt, Shelby D.
• Event: Veröffentlichung
• (who): Vizja Press & IT
• (where): Warsaw
• (when): 2012

Further information

• DOI: doi:10.5709/ce.1897-9254.62
• Handle: http://hdl.handle.net/10419/105433
• Last update: 10.03.2025, 11:45 AM CET