Emphasizing on the increasingreturns to scale, spillover effect and accumulation of specialized human capital, the endogenous growth theory is a breakthrough in this regard.
它所强调的规模收益递增、外溢效应、专业化人力资本积累等,是对传统经济增长理论的重大突破。
2
Modern growth theory is largely built on models with constant or increasingreturns to reproducible factors as a result of the accumulation of knowledge.