Income, investment and saving
In the last fifty years, the gap in incomes per capita between rich countries and poor countries has widened. There is an evolving literature on the reasons why some countries grow faster than others, while yet other countries appear not to be growing at all. Models of economic growth vary with respect to the determinants of growth and the relative importance of these determinants, however, there is generally a consensus that physical capital is an essential input. Given this, one of the...[Show more]
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