Growth Factors and Strategy Choices in a Semi-developed Situation

Marian Ostrowski and Zdzislaw Sadowski

Chapter 5 in Economic Growth and Resources, 1979, pp 46-55 from Palgrave Macmillan

Abstract: Abstract The basic idea of this paper was born from a feeling that traditional approaches to economic growth theory tend to neglect an important constraint which — though not necessarily restricted to any particular level of development —seems to be having a most serious effect on the interplay of growth factors in semi-developed economies. This constraint results from the very high and quickly growing level of consumers’ aspirations which enters into contradiction with the not-so-high level of productive capacities.

Keywords: Consumption Expenditure; Current Consumption; Strategy Choice; Goal Function; Labour Productivity Growth (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-16229-1_5

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DOI: 10.1007/978-1-349-16229-1_5

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