Robertson, Peter E. - In: Indian Growth and Development Review 5 (2012) 1, pp. 51-69
neoclassical growth models is that capital accumulation is induced by both productivity growth and increases in investment rates … productivity growth constant. The role of human capital is also discussed. Findings – An increase in the productivity growth rate …. Hence an upward trend in productivity growth has been more than twice as important as the doubling of the investment rate. A …