Publication: Productivity and growth, 1923-2003
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Filiztekin, Alpay
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Abstract
Productivity growth is a key determinant of an economy's long-run growth prospects. In Solow's neoclassical growth model, the source of long-run growth is given by the rate of exogenous technological progress. Endogenous growth theories attribute long-run growth to increasing returns that arise within the model. These may derive from a broad measure of capital as in Romer (1986) or from human capital as in Lucas (1988).
Source
Publisher
Routledge
Subject
Productivity and economic growth, Economic growth, Turkish economy
Citation
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Source
The Turkish Economy: The Real Economy, Corporate Governance and Reform
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