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Drivers of growth accelerations: What role for capital accumulation?

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  • Koopman, Eline
  • Wacker, Konstantin M.

Abstract

Economic growth is often episodic but the ultimate drivers of such growth accelerations are not understood very well. We therefore take a different perspective and investigate what happens to production factors and productivity before, during, and after 156 growth accelerations that we identify for 148 countries between 1950 and 2019. We are particularly interested in the role that physical capital accumulation can play in this context, given recent interest in investment surges and several investment-led growth models.

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  • Koopman, Eline & Wacker, Konstantin M., 2023. "Drivers of growth accelerations: What role for capital accumulation?," World Development, Elsevier, vol. 169(C).
    • Handle: RePEc:eee:wdevel:v:169:y:2023:i:c:s0305750x23001158
    DOI: 10.1016/j.worlddev.2023.106297
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