|Statement||Shahid Yusuf, R. Kyle Peters.|
|Series||World Bank staff working papers ;, no. 712, World Bank staff working paper ;, no. 712.|
|Contributions||Peters, R. Kyle, 1954-|
|LC Classifications||HC470.S3 Y86 1985|
|The Physical Object|
|Pagination||49 p. ;|
|Number of Pages||49|
|LC Control Number||85000648|
In dealing with capital accumulation and economic growth, we are only too apt to begin by assuming a ‘given state of knowledge’ (that is to say, absence of technical progress) and the absence of ‘uncertainty’, and content ourselves with saying that these two factors — technical progress and uncertainty — must have been responsible Cited by: ECONOMIC GROWTH AND CAPITAL ACCUMULATION 1. Prom Adam Smith to Arthur Lewis. “The design of the book is different from that of any treatise on Political Economy which has been produced in England since the. Moreover, depending on its level-specific variations, a given amount of human capital can have differential impacts across sectors and on economic growth. Noting that the accumulation of human capital may be of greater importance than the accumulation of physical capital, this study posits that government spending on education can be identified Author: Conrad, Ph.D., Daren A. Enhanced capital, labor, and technical progress are the three principal sources of the economic growth of nations. Since the rate of growth of labor is constrained by the rate of growth of population, it is seldom, especially for industrialized countries, higher than two percent per annum, even with.
Reviews theoretical justifications and economic consequences of a development strategy adopted, commonly by newly independent developing countries in a few decades after the Second World War, which advocated maximizing capital accumulation in the industrial sector by means of government planning and command. The general failure of this strategy, which had become evident by the s, . Buy Capital Accumulation and Economic Growth in a Small Open Economy by Stephen J. Turnovsky online at Alibris. We have new and used copies available, in 2 editions - starting at $ Shop now. Cambridge Core - Economic Development and Growth - Capital Accumulation and Economic Growth in a Small Open Economy - by Stephen J. Turnovsky. In this book, renowned growth theorist Stephen J. Turnovsky investigates the process of economic growth in a small open economy, showing that it is sensitive to the productive structure of the Cited by: Economic growth is an issue of primary concern to policy makers in both developed and developing economies. In this book, renowned growth theorist Stephen J. Turnovsky investigates the process of economic growth in a small open economy, showing that it Cited by:
Both technical progress and capital accumulation can contribute to the growth of per capita output during a country's transition to a long-run, steady-state equilibrium, with capital accumulation being likely to play a particularly important role. (This assumes the country is . The central element of growth theory is the feedback from current economic conditions to investment in new capital to increases in productive capacity that influ-ence future economic conditions. This seems to suggest the possibility of self-sustaining growth through . Book Description This book develops a new theoretical framework to examine the issues of economic growth and development. Providing analysis of economic dynamics in a competitive economy under government intervention in infrastructure and income distribution, the book develops a unique analytical framework under the influence of traditional neoclassical growth theory. SOLOW AND THE STATES: CAPITAL ACCUMULATION, PRODUCTIVITY, AND ECONOMIC GROWTH DOUGLAS HOLTZ-EAKIN Abstract - National, state, and local policy- makers have increasingly focused their at- tention on policies toward economic growth, especially efforts to raise the rate of investment. Recent studies of economic.