These two volumes present empirical studies that have
permanently altered professional debates over investment and
productivity as sources of postwar economic growth in
industrialized countries. The distinctive feature of investment is
that returns can be internalized by the investor. The most
straightforward application of this idea is to investments that
create property rights, but these volumes broaden the meaning of
capital formation to include investments in education and
training.
International Comparisons of Economic Growth focuses on
comparisons among industrialized countries. Although Germany and
Japan are often portrayed as economic adversaries of the US,
postwar experiences in all three countries support policies that
give high priority to stimulating and rewarding capital formation.
In the Asian model of growth exemplified by Japan investments in
tangible assets and human capital are especially critical during
periods of rapid growth.
General
Imprint: |
MIT Press
|
Country of origin: |
United States |
Series: |
Productivity |
Release date: |
1995 |
First published: |
1995 |
Authors: |
Dale W. Jorgenson
|
Dimensions: |
221 x 157 x 36mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
498 |
ISBN-13: |
978-0-262-51920-5 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
0-262-51920-8 |
Barcode: |
9780262519205 |
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