Conceptual Framework of Sustainable Economic Growth: A Theoretical Review

17 Pages Posted: 27 Jul 2020 Last revised: 20 May 2022

See all articles by Danish Ahmed Siddiqui

Danish Ahmed Siddiqui

University of Karachi - Karachi University Business School

Date Written: July 2, 2020

Abstract

The theories discussed here are Classical theory of growth, Structural-change theory, Neoclassical Growth Models, Endogenous growth theory, Schumpeterian theory of innovation, as well as some Alternative theoretical contributions. The discussion of these theories from the simple accelerator to neo-Keynesian gives a better insight into the evolutionary process of the growth literature and understanding of problems that have emerged from time to time than any single theory. For example, classical theory views the growth process as self-enforcing, enhanced through specialization and efficient markets.

Suggested Citation

Siddiqui, Danish Ahmed, Conceptual Framework of Sustainable Economic Growth: A Theoretical Review (July 2, 2020). Available at SSRN: https://ssrn.com/abstract=3641573 or http://dx.doi.org/10.2139/ssrn.3641573

Danish Ahmed Siddiqui (Contact Author)

University of Karachi - Karachi University Business School ( email )

University Road
Karachi, Sindh 75270
Pakistan
3333485884 (Phone)

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