Rapid Growth and Relative Decline

Released on by M. Setterfield
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  • Rapid Growth and Relative Decline Book Detail

  • Author : M. Setterfield
  • Release Date : 1996-12-17
  • Publisher : Springer
  • Genre : Business & Economics
  • Pages : 214
  • ISBN 13 : 0230375871
  • File Size : 32,32 MB
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Rapid Growth and Relative Decline by M. Setterfield PDF Summary

Book Description: Do high rates of economic growth create conditions favourable to their own maintenance? Or can a period of high growth 'sow the seeds of its own destruction'? This book addresses these questions by conceiving growth and structural change as path dependent processes. Methodological, theoretical and empirical insights are combined in an extended model of cumulative causation, which shows how endogenously induced technological and institutional changes may cause the dynamics of a period of high growth to break down. This casts new light on the debate over Britain's economic decline.

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Rapid Growth and Relative Decline

Rapid Growth and Relative Decline

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Do high rates of economic growth create conditions favourable to their own maintenance? Or can a period of high growth 'sow the seeds of its own destruction'? T

Rapid Growth and Relative Decline

Rapid Growth and Relative Decline

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Total View : 5429 Views
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Do high rates of economic growth create conditions favourable to its own maintenance? Or can a period of high growth 'sow the seeds of its own destruction'? In