Ideas on a Model of Economic Growth for the UK: An Integrated Framework

Economic growth theories have provided significant insights into the mecha-nisms driving development, yet single-idea models often fall short in addressingthe complexities of modern economies. The Solow Growth Model, endogenousgrowth frameworks, and structural change theories each focus on specific drivers ofgrowth but lack a comprehensive perspective. This paper proposes an integratedoverarching model that combines elements from these frameworks, including capi-tal accumulation, human capital, technological progress, structural transformation,institutional quality, and globalisation. By addressing the limitations in existingtheories, this model is tailored to the UK’s economic challenges and highlights ac-tionable strategies for fostering innovation, reforming education, enhancing trade,strengthening governance, and building resilience to shocks. This holistic frame-work aims to guide the UK toward achieving sustainable and inclusive growth inan increasingly interconnected global economy.