Implicaciones de una teoría del crecimiento endógeno en el concepto macroeconómico de rendimientes crecientes de Allyn Young

The predominant theory of growth until recently estimated by separate the contribution of labor and capital additions and tried to explain the high residue. It was criticized by Lucas (1988), Abramovitz (1989), Schultz (1988), Romer (1989a), Scott (1989, 1991) and others to be inconsistent with the observed general phenomena that have accompanied the growth, or explain them in the form inadequate. These include the rising real income from employment but a more or less constant rate of return on capital, the relatively low participation and slowly decreasing capital in national income, the very different growth rates between countries, and the failure of income per capita in most less developed countries to converge with that of the industrialized countries.