Endogenous Vs Exogenous Growth Theories
Instructions Research Project 2: Endogenous Verses Exogenous Growth Theories In neoclassical growth models, the sources of growth, is exogenous usually “technology”. Such theoretical models hence are able to describe how an economy grows, but not why it grows. To overcome this shortcoming, several growth models have been developed that make growth an endogenous variable. In contrast to neoclassical growth theory, endogenous growth theory argues that policy measures (such as subsidies on R&D and education) can have an increase long-run growth rate of an economy. Write an essay · Developing a brief summary of endogenous and exogenous growth theories. · Analyzing the impact of government policy on the long-term growth rate of an economy. Complete this essay in a Microsoft Word document, APA formatted which will automatically submit it to “TurnItIn” for plagiarism review. Please note that a minimum of 1500 words is required. |
Grading Rubric
Excellent (4) | Good (3) | Needs Improvement (2) | Poor (1) | |
Language/Spelling/
Grammar |
Research project has no spelling or punctuation errors and very few grammatical errors. Very well written and excellent use of business language. | Research project has a few punctuation or spelling errors. Few grammatical errors that don’t affect meaning. Well written and use of business language is acceptable. | Research project has some punctuation or spelling errors. Some grammatical errors but generally don’t affect meaning. Language is satisfactory overall but use of more appropriate business language is required. | Research project has numerous punctuation or spelling errors. Numerous grammatical errors that affect meaning. Language used is unprofessional and not appropriate for business use. |
Research project Organization and Formatting | Relevant sections are included, and each is organized effectively. Formatting is professional and consistent and includes all required elements. | Relevant sections are included but could be a little better organized. Formatting is acceptable and/or one or two required elements are missing. | Relevant sections are included but organization could be improved. Formatting is inconsistent and/or many elements are missing or not formatted appropriately. | Sections are missing and/or poorly organized. Formatting is messy and unprofessional. |
Presentation/Analysis/
Thinking |
Research presentation and analysis is comprehensive and detailed. Thinking and ideas are presented clearly, are engaging and thorough. | Research presentation and analysis is sufficient. Thinking and ideas are clear but could be expanded to be more thorough. | Research presentation and analysis is fairly basic and/or thinking and ideas lack some clarity and depth. | Research presentation and analysis is very basic and thinking and ideas are superficial and lack clarity. |
TOTAL |
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