It's not factor accumulation: stylized facts and growth models

The central problem in understanding economic development and growth is not, in fact, to understand the process by which an economy raises its savings rate and increases the rate of physical capital accumulation. Many development practitioners and researchers continue to target capital accumulation...

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Autores principales:	Easterly, William, 1957-, Levine, Ross
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	MODELOS DE CRECIMIENTO (ECONOMÍA) DESARROLLO ECONÓMICO
Acceso en línea:	https://hdl.handle.net/20.500.12580/3681
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spelling	oai-20.500.12580-36812021-04-24T10:33:22Z It's not factor accumulation: stylized facts and growth models Easterly, William, 1957- Levine, Ross MODELOS DE CRECIMIENTO (ECONOMÍA) DESARROLLO ECONÓMICO The central problem in understanding economic development and growth is not, in fact, to understand the process by which an economy raises its savings rate and increases the rate of physical capital accumulation. Many development practitioners and researchers continue to target capital accumulation as the driving force in economic growth. This paper, however, presents evidence regarding the sources and patterns of economic growth, the patterns of factor flows, and the impact of national policies on economic growth that suggest that something other than capital accumulation is critical for understanding differences in economic growth and income across countries. 2019-11-01T00:01:41Z 2019-11-01T00:01:41Z 2002 Artículo 956-7421-137 https://hdl.handle.net/20.500.12580/3681 eng Series on Central Banking, Analysis, and Economic Policies, no. 6 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 61-114 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	MODELOS DE CRECIMIENTO (ECONOMÍA) DESARROLLO ECONÓMICO
spellingShingle	MODELOS DE CRECIMIENTO (ECONOMÍA) DESARROLLO ECONÓMICO Easterly, William, 1957- Levine, Ross It's not factor accumulation: stylized facts and growth models
description	The central problem in understanding economic development and growth is not, in fact, to understand the process by which an economy raises its savings rate and increases the rate of physical capital accumulation. Many development practitioners and researchers continue to target capital accumulation as the driving force in economic growth. This paper, however, presents evidence regarding the sources and patterns of economic growth, the patterns of factor flows, and the impact of national policies on economic growth that suggest that something other than capital accumulation is critical for understanding differences in economic growth and income across countries.
format	Artículo
author	Easterly, William, 1957- Levine, Ross
author_facet	Easterly, William, 1957- Levine, Ross
author_sort	Easterly, William, 1957-
title	It's not factor accumulation: stylized facts and growth models
title_short	It's not factor accumulation: stylized facts and growth models
title_full	It's not factor accumulation: stylized facts and growth models
title_fullStr	It's not factor accumulation: stylized facts and growth models
title_full_unstemmed	It's not factor accumulation: stylized facts and growth models
title_sort	it's not factor accumulation: stylized facts and growth models
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3681
work_keys_str_mv	AT easterlywilliam1957 itsnotfactoraccumulationstylizedfactsandgrowthmodels AT levineross itsnotfactoraccumulationstylizedfactsandgrowthmodels
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It's not factor accumulation: stylized facts and growth models

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