Which among the following is NOT part of the neoclassical theory of growth?
Pasinetti Model belongs to the Cambridge/post-Keynesian growth-and-distribution tradition. Swan Model, Meade’s Model and Solow Model are neoclassical growth contributions.…
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Which among the following is NOT part of the neoclassical theory of growth?
Answer and explanation
Correct answer C
Pasinetti Model belongs to the Cambridge/post-Keynesian growth-and-distribution tradition. Swan Model, Meade’s Model and Solow Model are neoclassical growth contributions. Hence Pasinetti is the exception.
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UGC NET Economics