Economic DevelopmentM.E. Sharpe |
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... investment (capital must grow) at rate n. Thus, required investment can be written as in Equation (A3): I r = nK In per-worker terms, this can be written as in Equation (A4): (A3) I r /L = nK/L; or as in Equation (A5): ir = nk, (A4) (A5) ...
... investment (capital must grow) at rate n. Thus, required investment can be written as in Equation (A3): I r = nK In per-worker terms, this can be written as in Equation (A4): (A3) I r /L = nK/L; or as in Equation (A5): ir = nk, (A4) (A5) ...
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The steady state is achieved where actual investment equals required investment, or where sy = nk. The steady-state level of k is shown in Figure A.1 as k*. It is the equilibrium point because at k* alone actual investment is equal to ...
The steady state is achieved where actual investment equals required investment, or where sy = nk. The steady-state level of k is shown in Figure A.1 as k*. It is the equilibrium point because at k* alone actual investment is equal to ...
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... investment that comes with the globalization of the world economy may make it somewhat easier for currently developing countries to promote rapid development. Even with the above caveats in mind, it is indeed useful to examine the ...
... investment that comes with the globalization of the world economy may make it somewhat easier for currently developing countries to promote rapid development. Even with the above caveats in mind, it is indeed useful to examine the ...
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Contents
Protoindustrialization and Trade | |
The Evolution and Role of Political Institutions | |
What We Have Learned | |
PatronClient Political Structure | |
Risk Management and Lineage Groups | |
Lineage Groups Fertility and the Demographic Transition | |
Recent Developments | |
PreIndependence India | |
Unique Characteristics and Challenges | |
What We Have Learned | |
Culture and Nationalism | |
What We Have Learned | |
East Asian Experience | |
A Neoclassical View | |
Japanese Success | |
What We Have Learned | |
Some Analysis of Transition | |
Vietnamese Transition | |
Independence and Trade | |
Population Growth | |
The Middle East and North Africa | |
Nonpetroleum Exporters in the Middle East and North Africa | |
What Have We Learned? | |
Tying It All Together | |
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Common terms and phrases
accumulation agricultural growth agricultural productivity agricultural sector areas argued Botswana capital accumulation China Chinese colonial commitment problem comparative advantage competition costs created decline demographic dividend dependency theorists dependent developing countries diminishing returns discussed domestic dramatically East Asia economic development economic growth efflorescence England environment environmental Europe expansion experience exports extract factors farmers firms GDP per capita growth rate impact important incentive income increased India Industrial Revolution infrastructure inputs institutional structure investment involved Japan Japanese Kuznets Curve labor land Latin America law of diminishing lineage groups manufacturing modern sector occur organization output patron-client percent period periphery policies political poverty predatory profit property rights protoindustrial reduced reform region relatively result revenue role ruling elite rural Russia significant Smithian growth social society South Asia South Korea Soviet Soviet Union sub-Saharan Africa Taiwan theory trade transition urban wealth workers