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what are the exogenous variables in the neoclassical growth model

what are the exogenous variables in the neoclassical growth model

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Exogenous Variables:-

  • They state the rise of Economic growth due to the influences outside the Economy.
  • It Assumes Economic prosperities determined by same factors.
  • It is a classification of variable generated by statistical model.
  • The concept of Exogenous growth arised from Neo classical growth model.
  • Used in modelling factors like production, return of capital etc.
  • Used to determine Economic growth.
  • It requires forces outside of capital Investment.
  • Also requires growing working population for Economic growth.
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