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The Production — Function Approach to the Study of the Causes of Growth

Anthony Thirlwall

Chapter Chapter 2 in Growth and Development, 1989, pp 65-84 from Palgrave Macmillan

Abstract: Abstract There are several ways in which the growth of income or output of a country may be expressed, but frequently they consist of identities which can tell us very little about the causes of growth without adequate theorising. For example, growth can be expressed as the product of a country’s ratio of investment to output (I/O) and the productivity of investment (ΔO/I), i.e.

Keywords: Production Function; Capital Stock; Technical Change; Capital Accumulation; Marginal Product (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19837-5_2

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DOI: 10.1007/978-1-349-19837-5_2

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