where innovation takes the form of an increasing variety of intermediate inputs. Romer's Model of Endogenous Growth Theory: Prof. Romer, in his Endogenous Growth Theory Model, includes the technical spillovers which are attached with industrialization. The model Introduction In this section we consider a human-capital-based endogenous growth Matthias Doepke, Fabrizio Zilibotti, in Handbook of Economic Growth, 20141.2.1 A Model of Endogenous Innovation Consider an endogenous growth model where innovation takes the form of an increasing variety of intermediate inputs. Exogenous and Endogenous Growth Models: a Critical Review ment through gov ernment investment in infrast ruct ure ( scal policy ) and a reduc - tion in real interest r ates (monetary policy) . Therefore, this model not only represents endogenous growth but it is closely linked with developing countries also. Uzawa-Lucas model (complete) (Quantitative Dynamic Macroeconomics, Lecture Notes, Thomas Steger, University of Leipzig) 1. Endogenous Growth Theory: Intellectual Appeal and Empirical Shortcomings Howard Pack F ollowing along the path pioneered by Romer (1986) and Lucas (1988), endogenous growth theory has led to a welcome resurgence of CYCLICAL FEATURES OF UZAWA-LUCAS ENDOGENOUS GROWTH MODEL ∗ Sergio I. Restrepo-Ochoaa,b and Jesús Vázquezb† aUniversidad de Antioquia bUniversidad del País Vasco July 2002 Abstract This paper analyzes