Chapter 3: Economic Growth: Concepts and Patterns
Chapter Outline
- Divergent Patterns of Economic Growth since 1960
- Factor Accumulation, Productivity Growth, and Economic Growth
- Saving, Investment, and Capital Accumulation
- Sources of Growth Analysis
- Characteristics of Rapidly Growing Countries
- Macroeconomic and Political Stability
- Investment in Health and Education
- Effective Governance and Institutions
- Favorable Environment for Private Enterprise
- Favorable Geography
- Diminishing Returns and the Production Function
- The Convergence Debate
- Economic Growth and Structural Change
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