The Self-Defeating Endogenous Growth Theory

6 Pages Posted: 14 Jul 2014 Last revised: 15 Mar 2016

See all articles by Hak Choi

Hak Choi

Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

Date Written: July 12, 2014

Abstract

This paper proves that the endogenous attempt to derive unlimited growth leads to bankrupting business. Endogenous growth requires increasing returns to scale, but its mathematical solution does not exist. Using Euler’s theorem, this paper confirms that such theory ruins both the production operation and the theory itself. The graphic presentation even confirms that endogenous growth means bankruptcy.

Keywords: Growth, Scale

JEL Classification: O41

Suggested Citation

Choi, Hak, The Self-Defeating Endogenous Growth Theory (July 12, 2014). Available at SSRN: https://ssrn.com/abstract=2465527 or http://dx.doi.org/10.2139/ssrn.2465527

Hak Choi (Contact Author)

Chienkuo Technology University - Department of International Business ( email )

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Changhua City, 500
Taiwan
+886 91 901-4618 (Phone)

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Chung-Hua Institution for Economic Research ( email )

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Taipei
Taiwan

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