Economic Growth
Discover the components and factors that contribute to sustained economic growth, including labor productivity, capital deepening, and a healthy growth climate, and explore the controversy surrounding the possibility of economic convergence.
Introduction to Economic Growth
The Relatively Recent Arrival of Economic Growth
Rule of Law and Economic Growth
Key Concepts and Summary
Labor Productivity and Economic Growth
The Aggregate Production Function
Measuring Productivity
The “New Economy” Controversy
The Power of Sustained Economic Growth
Key Concepts and Summary
Components of Economic Growth
Capital Deepening
Growth Accounting Studies
A Healthy Climate For Economic Growth
Key Concepts and Summary
Economic Convergence
Arguments Favoring Convergence
Arguments That Convergence is Neither Inevitable Nor Likely
The Slowness of Convergence
Key Concepts and Summary