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Growth and Development pp 66–84Cite as

The Production-Function Approach to the Study of the Causes of Growth

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Abstract

There are several ways in which the growth of income or output of a country may be expressed, but frequently they consist of identities which can tell us very little about the causes of growth without adequate theorising. For example, growth can be expressed as the product of a country’s ratio of investment to output (I/O) and the productivity of investment (Δ O/I), i.e.

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Chapter 2

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Author information

Authors and Affiliations

  1. University of Kent, Canterbury, UK

    A. P. Thirlwall (Professor of Applied Economics)

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  1. A. P. Thirlwall
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© 1994 A. P. Thirlwall

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Thirlwall, A.P. (1994). The Production-Function Approach to the Study of the Causes of Growth. In: Growth and Development. Palgrave, London. https://doi.org/10.1007/978-1-349-23195-9_2

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