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

In: Growth and Development

Author

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  • A. P. Thirlwall

    (University of Kent at Canterbury)

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.

Suggested Citation

  • A. P. Thirlwall, 1989. "The Production — Function Approach to the Study of the Causes of Growth," Palgrave Macmillan Books, in: Growth and Development, edition 0, chapter 0, pages 65-84, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19837-5_2
    DOI: 10.1007/978-1-349-19837-5_2
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