Submit Your Manuscript Online

Growth Path Followed by France: A New Growth Theory

	International Journal of Scientific Research and Engineering Development (IJSRED)	Full Text:
	Published Issue : Volume-3 Issue-5
	Year of Publication : 2020
	Unique Identification Number : IJSRED-V3I5P25
	Authors : Himanshu Tiwari

Abstract :

The Neoclassical Growth Model, although powerful, pays too much attention on tangible forms of assets that a nation can capitalize on to increase its GDP/income. This paper attempts to propose an alternative to the Neoclassical approach by building on their theoretical model and introducing certain intangible assets like education, transparency and democracy. By charting out the idiosyncratic path followed by France, this paper seeks to study what all other factors developing nations can capitalize on to imitate such high growth.