Nelson, Richard R.; Pack, Howard - Economics Research, World Bank Group - 1998
production functions. What lies behind rapid development, according to this type of theory, is very high investment rates. If a … nation makes the investments, marshals the resources, development will follow. 2) The"assimilation"theories stress the … learning, rather than on marshaling. If one marshals but does not innovate and learn, development does not follow. These are …