Growth and productivity

GROWTH AND PRODUCTIVITY Chapter 11

[object Object],[object Object],[object Object]

Example ,[object Object],[object Object],[object Object]

Specialization: ,[object Object]

Comparative advantage: ,[object Object]

Sources of Growth ,[object Object],[object Object],[object Object],[object Object],[object Object]

1. Investment and Accumulated Capital: ,[object Object],[object Object],[object Object],[object Object]

1. Investment and Accumulated Capital: ,[object Object],[object Object]

2. Available Resources ,[object Object],[object Object]

3. Compatible Institutions: ,[object Object],[object Object],[object Object],[object Object]

4. Technological growth ,[object Object]

5. Entrepreneurship ,[object Object],[object Object]

Theories of Growth ,[object Object]

The Law of Diminishing Marginal Productivity: ,[object Object]

The Classical Growth Model ,[object Object]

Focus on Diminishing Marginal Productivity of Labor ,[object Object],[object Object],[object Object]

Diminishing Marginal Productivity of Capital ,[object Object],[object Object],[object Object]

Technology ,[object Object],[object Object],[object Object]

The New Growth Theory ,[object Object],[object Object]

Technology ,[object Object],[object Object],[object Object],[object Object]

Learning by Doing ,[object Object],[object Object]

Economic Politics to Embolden Per Capita Growth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Policies to Embolden Saving and Investment ,[object Object],[object Object],[object Object]

Policies to Control Population Growth ,[object Object],[object Object],[object Object],[object Object],[object Object]

Policies to build up the level of education ,[object Object],[object Object],[object Object],[object Object]

Policies to technologically innovate ,[object Object],[object Object],[object Object]

Policies to provide funding for research ,[object Object],[object Object],[object Object]

Policies to Maximize the Economy’s Openness to Trade ,[object Object],[object Object],[object Object]

Presented by: ,[object Object],[object Object],[object Object],[object Object]

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