Endogenous growth theory links innovation to long-run economic growth.
内生增长理论把创新与长期经济增长联系起来。
Unlike the Solow model, endogenous growth theory explains how policy and R&D investment can permanently raise the growth rate by expanding the stock of knowledge.
不同于索洛模型,内生增长理论解释了政策与研发投入如何通过扩大知识存量而长期性地提高增长率。