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Industrial growth revisited
Industrial growth revisited

... 1930, an argument based on a comparison of the results of the two censuses which were conducted by the National Statistical Service in those two years.10 This comparison, however, leads to false results as the two censuses are not directly comparable. They do not follow the same definition of what c ...
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Secular Stagnation: the History of a Macroeconomic Heresy

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... and benefits along multiple dimensions. The underutilization of capacity (capital) identified by CE scholars as waste is then nothing else than a deliberate choice: For example, consumers may draw much more satisfaction from highly powered cars with high investment cost, poor fuel economy, and littl ...
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... the same time, one may not omit the fact that emission certificate trading systems established in the EU have created a new financial market niche of their own. With more countries joining international Emission Trading Schemes (ETS approaches), the potential role of financial markets for the world’ ...
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Explaining trends in UK business investment

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Was Stalin Necessary for Russia`s Economic Development?

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... In just over a decade the Arab world in general and the Gulf states in particular have experienced an unprecedented growth in economic output and industrial production. The new regional era began with military and political events-the 1973 Arab-Israeli War and the Arab oil embargo - but resulted in ...
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EY ITEM Club Special Report on Business Investment

... UK business rising by an average of 6.4% a year between 2015 and 2019, to reach a high in real terms of 12.9% of GDP, a level not seen in the UK for over 3 decades. This is broadly in line with the OBR’s July 2015 forecast, which saw the investment/GDP ratio rising to 13.1% of GDP in 2019. ...
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AEM724 - National Open University of Nigeria

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NRB Economic Review

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Rostow's stages of growth

The Rostow's Stages of Economic Growth model is one of the major historical models of economic growth. It was published by American economist Walt Whitman Rostow in 1960. The model postulates that economic growth occurs in five basic stages, of varying length: Traditional society Preconditions for take-off Take-off Drive to maturity Age of High mass consumptionRostow's model is one of the more structuralist models of economic growth, particularly in comparison with the 'backwardness' model developed by Alexander Gerschenkron, although the two models are not mutually exclusive.Rostow argued that economic take-off must initially be led by a few individual sectors. This belief echoes David Ricardo's comparative advantage thesis and criticizes Marxist revolutionaries' push for economic self-reliance in that it pushes for the 'initial' development of only one or two sectors over the development of all sectors equally. This became one of the important concepts in the theory of modernization in social evolutionism.
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