economic growth

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economic growth

growth in the GROSS NATIONAL PRODUCT (GNP). A distinction can be drawn between theories of economic growth (in ECONOMICS) which emphasize primarily economic variables, such as levels of saving and investment (e.g. the Harrod-Domar model) and those which are more sociological and take account of wider social as well as more narrowly economic factors (e.g. SCHUMPETER or ROSTOW).
References in periodicals archive ?
7% average GDP growth rate achieved during the last PPP tenure, the average economic growth rate during the first four years of the PML-N government remained 4.
44 billion euros is the largest ever with an economic growth rate of 3.
If one only focuses on good macroeconomic indices such as the economic growth rate and current account surplus, economic policy may overlook the poor economic conditions perceived by the people.
Compared with the existing static analysis, the economic implications of time-varying correlation coefficient is clearer; secondly, we construct a simple green economic growth index; thirdly, this paper analyzes the predicting ability of the dynamic coefficients on the green economic growth rate.
When our government came to power our first priority was to restore the economic growth rate of the country which had slumped.
According to the report issued by the Kuwaiti Diplomatic Center, the Kingdom's annual rate of energy consumption exceeded 5 percent while the economic growth rate reached 4 percent.
In a year-end report, the CNI manufacturing trade group projected the economic growth rate in Brazil would slow to about 2.
3% over the past year and place the city region above the UK average economic growth rate, and above all its comparator regions apart from Greater Manchester.
IHS estimates a week-long shutdown would cut the 4th quarter economic growth rate by 0.
Countries having comparatively larger number of workers contribute to National income than dependant groups of population achieve higher economic growth rate and consequently high standard of living in general.
8%, but there is a good chance of an economic growth rate of around 2.

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