Economics · Economic Growth Theories
According to the Endogenous Growth Theory, what is the primary determinant of long-term economic growth?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Growth occurs automatically without domestic innovation or technological investment.
- 2Government intervention and market protectionism.
- 3Creation of new knowledge and technology driven by investments in research, human capital, and innovation.✓
- 4Long-run growth is driven solely by exogenous capital accumulation and physical infrastructure investment.
Correct answer
Creation of new knowledge and technology driven by investments in research, human capital, and innovation.
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