Why The Already Difficult Task of Identifying Sources of Growth Has Become Even More Challenging?

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Author(s): Rup Singh (The University of the South Pacific, Suva, Fiji)
Copyright: 2010
Pages: 7
Source title: Sustainable Economic Development and the Influence of Information Technologies: Dynamics of Knowledge Society Transformation
Source Author(s)/Editor(s): Muhammed Karatas (Mugla University, Turkey)and Mustafa Zihni Tunca (Suleyman Demirel University, Turkey)
DOI: 10.4018/978-1-61520-709-1.ch001

Keywords: Business Science Reference / Economics and Economic Theory / Environment & Agriculture / Sustainable Development

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Abstract

This chapter is a brief account of what we now observe in the growth literature in light of the developments in the voluminous empirical works on economic growth. It is argued that while the empirical knowledge has advanced adequately, little progress has been made in the growth theory since the classic works of Solow. Therefore it can be said that growth economist and policy makers are still confused on how to raise the steady state growth rate of output and some of these confusions are due to our own experiments.

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Why The Already Difficult Task of Identifying Sources of Growth Has Become Even More Challenging?

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