For example, Ross Levine suggested that one view of the finance-growth relationship is that finance supports growth because the availability of financial services helps in capital accumulation
and improvements in technology.
It is true that much of development theory is obsessed with growth in general, and capital accumulation
in particular, and that policymaking elites are given an inordinate place.
Future research should explore why growth and capital accumulation
have failed to accelerate in the face of a rising profit share.
Instead, the greatest challenges would be introduced by the human capital accumulation
Growth was driven mostly by physical capital accumulation
at 2.43 percent, which thus contributed more than 50 percent to growth.
In the CP approach as understood by Hulsmann and Machaj, assessing the influence of taxation on capital accumulation
would look thus:
In her speech Botin explained that during the last 12 months the bank made significant progress on a transformation programme, adding that "the transformation of our commercial model will result in a more efficient use of our assets and capital accumulation
, and while their asset quality is now at a cyclical
These effects, sometimes labeled "hysteresis," could arise because a recession reduces capital accumulation
, scars workers who lose their jobs, and disrupts the economic activities that produce technological progress.
Although consumption, which is one of the motors of growth, rebounded in the April-to-May period, it was not enough to offset other factors like a drop in trade and a decline in capital accumulation
and disposable income.
Improving people's economic opportunities is secondary to providing expanded opportunities for capital accumulation
. The resulting problems--unemployment, inequality and poverty; water, waste and health; urban transport, housing and land-uses--are carefully analysed.
Unfree labour was and remains central to global capital accumulation