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economic growth
(redirected from Growth theory)

    Also found in: Financial, Wikipedia, Hutchinson 0.06 sec.

economic growth

Process by which a nation's wealth increases over time. The most widely used measure of economic growth is the real rate of growth in a country's total output of goods and services (gauged by the gross domestic product adjusted for inflation, or “real GDP”). Other measures (e.g., national income per capita, consumption per capita) are also used. The rate of economic growth is influenced by natural resources, human resources, capital resources, and technological development in the economy along with institutional structure and stability. Other factors include the level of world economic activity and the terms of trade. See also economic development.
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? Mentioned in ? References in periodicals archive
 
But UCLA economist Benjamin Klein finds their work "unrealistic," and Paul Romer, a Stanford economist whose path-breaking development of new growth theory is the focus of much of Boldrin and Levine's critique, considers their logic flawed and their assumptions implausible.
Creation myths: does innovation require intellectual property rights? by Clement, Douglas / Reason
Growth theory deals with the economic development of nations, with special focus on the drivers of growth.
The importance of organizational infrastructure (OI). (Intangibles) by Lev, Baruch / Financial Executive
INSIGHTS FROM New Growth Theory reframe many environmental problems and suggest some surprising solutions.
The Law of Increasing Returns by Bailey, Ronald / The National Interest
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