Belew Dagnew (PhD)Ashenafi Endale2024-12-122024-12-122024-06https://etd.aau.edu.et/handle/123456789/3858This research work attempts examining Ethiopia’s economic development approaches in post2018 political reform, in light of Neoclassical Growth Model. Empirical reviews show successful development stories epitomized ‘Homegrown Development Models’, whether borrowed or fully home-made ideology. Drawing on stakeholders’ interviews and deconstructing policy documents, qualitative and empirical approaches employed to investigate whether the ‘Homegrown Reform Program’ is endogenous or emulated from Washington Consensus. Government respondents stressed it is endogenous, justifying it is planned by Ethiopians (‘Home-owned’) and acutely addresses Ethiopia’s economic problems. Non-governmental respondents argued it is neither ‘Home-owned’, nor ‘Home-made.’ They agree on economic open-up and shift towards market-economy, but driven by domestic private sector, not by FDI. As per Solow’s Neoclassical Growth model, open-up might be critical for Ethiopia, in a bid to boost foreign investment and technology inflow. The research affirmed needs of genuine ‘Homegrown development model’ contextualizing Ethiopia’s heterogeneous society and federal structured system, which dictates factors of productions.enHomegrownEthiopiaSAPdevelopmental stateIMFThesis