ECONOMIC GROWTH DYNAMICS: A COMPARISON OF THE SOLOW MODEL AND ENDOGENOUS GROWTH MODELS

Abdullaev Akhmad Shavkat Ugli,Atamurodov Jakhongir Azimjanovich,Farrukh Fattoevich Salamov

Authors

Abdullaev Akhmad Shavkat Ugli,Atamurodov Jakhongir Azimjanovich,Farrukh Fattoevich Salamov Student of the Samarkand Institute of Economics and Service,Student of the Samarkand Institute of Economics and Service,Acting Associate Professor of the Department of Economic Theory Samarkand Institute of Economics and Service

Keywords:

However, the limitations of this neoclassical approach paved the way for the development of endogenous growth theories, which argue that growth is primarily driven by internal mechanisms such as innovation, human capital, and market structures.

Abstract

As the global economy continues to evolve, understanding the mechanisms driving economic growth has become essential for policymakers and scholars alike. The exploration of growth dynamics traditionally began with the Solow-Swan model, which introduced a framework emphasizing capital accumulation, labor growth, and technological progress as external factors influencing economic performance.

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