Appunti su a New View of Economic Growth di Maurice Fitzgerald Scott
AbstractThis paper comments an important book by Maurice FG. Scott, Â«A New View of Economic GrowthÂ». The main contribution of the book is to show that capital investment can sustain endogenous growth, as it embodies technical progress. Neoclassical theories of growth are based on an error in measurement. A possible policy implication is lower taxation of capital income, but an alternative is higher public investment
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Bibliographic InfoPaper provided by Centre for Industrial Studies (CSIL) in its series Working Papers with number 201104.
Length: 20 pages
Date of creation: 12 Dec 2011
Date of revision:
Economic growth; Depreciation; Public Investment; Capital taxation;
Find related papers by JEL classification:
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-12-19 (All new papers)
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