From: J. Maxwell Legg (income@ihug.co.nz)
Date: Wed Oct 07 1998 - 07:12:56 MDT
>
>Robin wrote:
>
>>It is easier to get more variation in growth rates with endogenous
>>growth models, and there is also less consensus on how to model
>>endogenous growth. So to avoid the accusation that I cooked my big
>>growth speedup implications, I choose to use exogenous growth.
>>This may provide a conservative estimate of growth implications.
>>But yes, it would be interesting to try the simplest endogenous
>>growth model, which I think is the AK model.
>
>That seems like a good reason to use exogenous growth. Thanks for the
>clarification.
>
I'd say that having less consensus on how to model endogenous growth may
mean there are more endogenous systems to choose to model from and large
numbers of actual adequate trials to take place instead of supression of
large numbers of models. Wouldn't a wider field be a better base to choose
from than continuing with the restricted exogenous growth model. More
challenging may be to allow the fittest model to continue to grow and in
reality cease to be a model and proving something or the other.
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