Theory of endogenous supply generation

Authors

  • Jerónimo López López Universidad Nacional de Eduación a Distancia (UNED)

DOI:

https://doi.org/10.32826/reyf.v3i9.400

Keywords:

Latent demand, Innovation, Endogenous supply, Emerging markets, Economic growth

Abstract

The theory of endogenous supply generation states that latent demand acts as a creative force capable of originating supply, even in the absence of previous markets. When economic agents exhibit underlying demand during a period in which the supply of a good or service does not exist or is highly diffuse, such demand generates sufficient incentives for innovation, human capital, and productive resources to emerge and create the corresponding supply. This theory explains the formation of markets and emerging firms throughout economic history, showing that demand not only conditions supply but can create it. A mathematical formulation is proposed to relate latent demand intensity, human capital, and productive resources, providing a conceptual framework to understand the dynamics of innovation and endogenous growth.

Author Biography

Jerónimo López López, Universidad Nacional de Eduación a Distancia (UNED)

 

Jerónimo López López is a student of the Bachelor’s Degree in Tourism at the National University of Distance Education (UNED), within the Faculty of Economics and Business, where he conducts research integrating economic theory, behavioral economics, and applied economics. His academic trajectory is characterized by a self‑taught approach to the study of advanced mathematical tools, game theory, and econometrics, applied to the analysis of complex social phenomena. He has contributed scientific articles to academic journals of the UNED and currently participates in the College of Economists as a pre‑registered member. In addition, since 2025 he has been a Member of the Royal Economic Society in London.

 

References

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Published

2026-02-24

Issue

Vol. 3 No. 9 (2025): Revista de economía y finanzas (September - December 2025)

Section

Articles

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