abstract the main purpose of this paper is to obtain the optimal amount of expenses of government relating to the protection of property rights (pprs). to achieve these purposes we have introduced concept of social intelligence with respect to pprs and then developed different growth model from existing literature. in the second step the optimal share of government spending on the pprs is calcu...

Acta Academica is an accredited, open access South African journal dedicated to scholarship in the humanities. The publishes independently refereed research articles It promotes perspectives of critical social theory and engagements with postcolonial post-developmental debates special references (Southern) Africa. thereby support scholarly work that examines how humanities twenty-first century ...

Contents Abstract Keywords 1. Introduction 2. Preliminaries and stylized facts 3. Theoretical models 4. F r o m theory to empirical analysis 4.1. The neoclassical model: one capital good, exogenous technical progress 4.2. The neoclassical model: multiple capital goods 4.3. Endogenous growth: asymptotically linear technology 4.4. Nonconvexities and poverty traps 4.5. Endogenous growth: R&D and e...

The purpose of this paper is to set endogenous or new growth theory against broader developments within economics as a discipline. As a topic, irrespective of its intellectual antecedents, endogenous growth theory is extremely recent, only dating back in acknowledged published form to Romer's (1986) article which is usually coupled with Lucas' (1988) contribution. Within a decade, the literatur...

Endogenous and exogenous factors in growth theory

most of the time, groups/communities are involved in negotiations and disputations due to their various interests. they are always trying to pursuit their aspiration to embrace changes and influence on events. although sometimes these groups are not completely opposed to each other and their intention is just to get the desired results, almost always their conditions are in contrast with each o...