Warianty tytułu
Języki publikacji
Abstrakty
Economists have long believed that higher accumulation rates lead to economic growth. Solow's approach questioned the reliability of this statement. Solow states quite explicitly that the level of accumulation has no lasting impact on the economic growth of a country which is in the phase of sustainable development. According to Solow's assumptions, the rate of economic growth in the long term, independently of the level of accumulation, is equal to n. (fragment of text)
Rocznik
Numer
Strony
31-39
Opis fizyczny
Twórcy
autor
- University of Kragujevac, Serbia
Bibliografia
- Lucas R., On the Mechanics of Economic Development, "Journal of Monetary Economics", July 1988.
- Romer P., Crazy Explanations for the Productivity Slow-down, Macroeconomics Annual, National Bureau of Economic Research, Cambridge Mass 1987.
- Romer P., Increasing Returns and Long-Run Growth, "Journal of Political Economy", October 1986.
- Sachs J., Larrain F.B., Macroeconomics in the Global Economy, Delo, Moscow 1996.
- Scully G.W., The Institutional Framework and Economic Development, "Journal of Political Economy", June 1988.
- Solow R., Growth Theory. An Exposition, Oxford University Press, New York-Oxford 1998.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171195569