Living reference work entry
The idea that the productivity of new investment is a declining function of the rate of investment – the concept labelled ‘absorptive capacity’ – has attracted attention in development economics because of its implications as a constraint on growth.
KeywordsAbsorptive Capacity Adjustment Cost Aggregate Consumption Efficient Investment Aggregate Utility
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
- Adler, J. 1965. Absorptive capacity and its determinants. Washington, DC: Brookings Institution.Google Scholar
- Dorfman, R., and R. Thoreson. 1969. Optimal patterns of growth and aid with diminishing returns to investment and consumption, Economic Development Report, vol. 142. Cambridge, MA: Development Research Group, Harvard University.Google Scholar
- Eckaus, R.S. 1972. Absorptive capacity as a constraint due to maturation processes. In Development and planning: Essays in honour of Paul Rosenstein-Rodan, ed. J. Bhagwati and R.S. Eckaus. Cambridge, MA: MIT Press.Google Scholar
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© The Author(s) 1987