Social Overhead Capital and Economic Growth

Paul H. Cootner
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Paul H. Cootner: Massachusetts Institute of Technology

Chapter Chapter 15 in The Economics of Take-Off into Sustained Growth, 1963, pp 261-284 from Palgrave Macmillan

Abstract: Abstract The purpose of this paper is to re-examine some of the theoretical and empirical implications of existing ideas about the rôle of social overhead capital in the process of economic growth. In the course of this inquiry these ideas are found wanting in several important respects, and as a result, I have formulated some new hypotheses which are more general in scope and better able to explain the limited data available.

Keywords: Risk Premium; Sustained Growth; Traditional Theory; External Economy; Railway Construction (search for similar items in EconPapers)
Date: 1963
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-00226-9_15

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DOI: 10.1007/978-1-349-00226-9_15

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