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Ghana’s economy was identical to South Korea’s economy in the 1960s. Since the 1970s, however, Ghana’s economy has substantially lagged. To explain Ghana’s poor long-run economic growth, we build a neoclassical growth model to primarily examine the role of Ghana’s barriers to physical...
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demand, i.e. investment, consumption and net exports. Since increasing shareholder power and shareholder value orientation of … important result is the emergence of 'profits without investment' demand and growth regimes, for which we point out the … variants of 'profits without investment' demand and growth regimes in finance-dominated capitalism. We review the different …
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This paper contributes to the debate on income growth and distribution from a nonmainstream perspective. It looks, in particular, at the role that the degree of capacity utilization plays in the process of growth of an economy that is not perfectly competitive. The distinctive feature of the...
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