Economic Trends

Ernst G. Frankel

Chapter 2 in Managing Development, 2005, pp 56-99 from Palgrave Macmillan

Abstract: Abstract Until quite recently, it was generally assumed that economic growth is accompanied by growth in productivity or in output measured both in absolute and relative terms. Therefore growth in the world product or the world per capita product was assumed to be related to the growth in the output or production of major goods and commodities.

Keywords: Economic Growth; Central Bank; Total Factor Productivity; World Trade; Foreign Trade (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-00629-4_3

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DOI: 10.1057/9780230006294_3

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