Geneze neoklasických modelů růstu
The Genesis of the Neoclassical Models of Growth

Summary/Abstract: The paper provides a Central European reader with some information con-cerning the knowledge in the field of economic growth. Information on neoclas-sical growth models (the Solow-Swan model and the Ramsey model) is given. We present production functions, the dynamic equations of the models, the steady state, and transitional dynamics. We discuss three variants of the introduction of the technological advance to the Solow-Swan model and possible extensions of this model. The problematic behavior of the neoclassical models in an open-economy setup is mentioned. The paper selects the AK model, which does not exhibit transitional dynamics, and the Uzawa-Lucas model, which on the con-trary exhibits transitional dynamics, as examples of endogenous models. We discuss the modeling of the technological change and technological diffusion.

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