The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Economic Growth

  • Peter Howitt
  • David N. Weil
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2314

Abstract

Economic growth is the increase in a country’s standard of living over time. Growth economists study how living standards differ across countries as well as across time. This article discusses some of the broad facts of economic growth and some of the main approaches to its study.

Keywords

Adjustment costs Capital accumulation Cobb–Douglas functions Competition policy Creative destruction Cultural determinants of growth Demographic dividend Development accounting Dutch disease Economic growth Endogenous growth Export promotion Fertility General purpose technology Geographical determinants of growth Growth accounting Health Human capital Import substitution Increasing returns Inequality (global) Innovation Institutional determinants of growth Learning by doing Malthus, T. R. Mortality Natural capital Neoclassical growth theory Patents Physical capital Policy determinants of growth Population growth Production functions Productivity growth Research and development Resource curse Savings and investment Schooling Technical change Technical complementarities Technology Technology spillovers Trade and growth 

JEL Classifications

D4 D10 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Peter Howitt
    • 1
  • David N. Weil
    • 1
  1. 1.