Economic Growth

This chapter analyzes economic growth by examining the aggregate production function. Sources of economic growth are identified and growth rates of different countries are compared.

Determinants of Economic Growth

Learning Objectives

  1. Discuss the sources of economic growth.
  2. Discuss possible reasons why countries grow at different rates.

In this section, we review the main determinants of economic growth. We also examine the reasons for the widening disparities in economic growth rates among countries in recent years.