Tag Archives | Economic Growth

Theory of Immiserising Growth | Economics

In this article we will discuss about the theory of immiserising growth. The process of economic growth may bring about an increase in level of output in the growing economy and the wealth effect may even be positive but the deterioration in the terms of its trade may be so large that it more than offsets the positive wealth effect. [...]

By |2018-03-15T11:34:36+05:30March 15, 2018|Theories|Comments Off on Theory of Immiserising Growth | Economics

Export Pessimism: Nurkse’s Version and Testing | International Economics

In this article we will discuss about:- 1. Introduction to Export Pessimism 2. Nurkse's Version of Export Pessimism 3. Empirical Testing. Introduction to Export Pessimism: During 1950's many economists like Prebisch, Myrdal, Singer and Nurkse recognized that the exports of LDC's during the 20th century were quite weak in contrast to buoyancy of exports during the 19th century. Many LDC's [...]

By |2018-03-15T11:34:35+05:30March 15, 2018|Export Pessimism|Comments Off on Export Pessimism: Nurkse’s Version and Testing | International Economics

Economic Growth of a Country: 4 Factors | Economics

Following are the various factors which affect economic growth of countries: 1. Supply of Land and Other Natural Resources 2. Capital Formation 3. Human Capital 4. Technological Progress and Economic Growth. Factor # 1. Supply of Land and Other Natural Resources: The quantity and quality of natural resources play a vital role in the economic development of a country. Important [...]

By |2018-03-02T14:40:22+05:30March 2, 2018|Economic Growth|Comments Off on Economic Growth of a Country: 4 Factors | Economics
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