TY - JOUR
T1 - Understanding the drivers of economic growth
T2 - Grounding endogenous economic growth models in resource-advantage theory
AU - Hunt, Shelby D.
PY - 2012
Y1 - 2012
N2 - Foss (2012) provides an informed and informative comment on my article "Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation" (Hunt, 2012). In general, his comment is highly supportive of both the theory and the arguments developed in my article. He does, however, raise certain issues that need to be addressed. These issues relate to the concept of total factor productivity, the role of institutions in promoting economic growth, and the importance of understanding how transaction costs impact entrepreneurship and economic growth. This reply focuses on his discussion of growth economics and endogenous economic growth models.
AB - Foss (2012) provides an informed and informative comment on my article "Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation" (Hunt, 2012). In general, his comment is highly supportive of both the theory and the arguments developed in my article. He does, however, raise certain issues that need to be addressed. These issues relate to the concept of total factor productivity, the role of institutions in promoting economic growth, and the importance of understanding how transaction costs impact entrepreneurship and economic growth. This reply focuses on his discussion of growth economics and endogenous economic growth models.
KW - Economic growth
KW - Endogenous economic growth models
KW - Ethics
KW - Resource-advantage theory
KW - Trust
UR - http://www.scopus.com/inward/record.url?scp=84871746495&partnerID=8YFLogxK
U2 - 10.5709/ce.1897-9254.62
DO - 10.5709/ce.1897-9254.62
M3 - Article
AN - SCOPUS:84871746495
VL - 6
SP - 4
EP - 8
JO - Contemporary Economics
JF - Contemporary Economics
SN - 2084-0845
IS - 4
ER -