Titlebook: Economic Growth in Theory and Practice; R. M. Sundrum Book 1990 Palgrave Macmillan, a division of Macmillan Publishers Limited 1990 econom

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Growth in the Industrial Sectory which these goods are produced. In particular, these goods come to be produced by techniques which make greater use of fixed capital in the form of machinery of various kinds. As Hicks (1969, p. 142) says: ‘It is at the point when fixed capital moves, or begins to move, into the central position that the “revolution” occurs.’

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Exports and the . of income; (b) the relationship between the . of exports and the . of income, and (c) the relationship between the . of exports and the . of income. It is important to distinguish these three relationships, because they differ in their underlying mechanism.

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Inflation and Growthnd growth. In elementary expositions, inflation and growth are treated as separate phenomena to be explained by different theories. But in fact there are a number of ways in which the two phenomena may be related. Before discussing these interactions, we first consider the statistical evidence of the relationship as it has occurred in practice.

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Jeremy Rayner,Susan Falls,Taylor C. Nelmsts of growth. Their main distinguishing feature is that they deal primarily with the supply factors. Part II of the book deals with the extent to which these supply factors are able to explain growth as it has actually taken place.

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乳白光

Bacteria in Agrobiology: Crop Productivityoblems affecting most countries in that decade. The theory of growth developed in the 1950s and 1960s is now relegated to chapters in the fashionable textbooks, and forms the main diet on which successive generations of students continue to be fed.

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Philosophy or Sociological Theory?,o identify the more basic of these causes, we first consider the minimum set of factors which can generate this pattern of growth. This is not to say that other factors may not also be influential; rather it is just a method of applying Occam’s Razor to our present problem. This is the objective of the present chapter.

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https://doi.org/10.1057/9780230378940this reason that the classical economists considered the hiring of labour by the landlord class as ‘unproductive consumption’. Another consequence is that they are not generally the subject of trade between countries, and are treated as non-tradables; in fact, however, they enter into international trade in some forms.