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Except during the Great Depression, the historical path for per capita Gross Domestic Product (GDP) in the United Stateshas been reasonably stable exponential trend growth, with modest cyclical deviation. Graphically, growth in the United States displays as a modestly sloping, only slightly...
Persistent link: https://www.econbiz.de/10005080130
Cross-national data on economic growth rates show that increases in educational capital resulting from improvements in the educational attainment of the labor force have had no positive impact on the growth rate of output per worker. In fact, contends the author, the estimated impact of growth...
Persistent link: https://www.econbiz.de/10005129350
Would economic growth be better if population growth were slower? There are two apparently opposite answers to this question. Advocates of policies to reduce population growth rates are completely convinced by the common sense view that rapid population growth greatly hurts economic growth...
Persistent link: https://www.econbiz.de/10005115974
In research on how population growth affects economic performance, some researchers stress that population growth reduces the natural resources and capital (physical and human) per worker while other researchers stress how greater population size and density affect productivity. Despite these...
Persistent link: https://www.econbiz.de/10005116703