New View Econ Growth Cp P

Auteur Maurice Fitzgerald Scott

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ISBN

9780198287421

Bindwijze

Overigen , Paperback

Taal

Engels , Overig

Auteur

Maurice Fitzgerald Scott

Uitgeverij

Oxford Univ Pr

Jaar van uitgifte

1991

Waar gaat het over?

Traditional economic theories explain the level and growth of output by three main variables: employment, the capital stock, and technical progress. This book presents a major new theory of economic growth which explains changes in output over a given period and uses only employment growth and rate of investment as the main explanatory variables. The author also demonstrates how this theory can be used to explain why growth rates differ between different countries and periods, and why shares of wages and profits differ.

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