• Table of Contents
    • Abstract
    • Keywords
    • Article
      • The production function approach
      • Capital
        • Physical capital
        • Human capital
        • Natural capital
      • Population and economic growth
      • Growth accounting and development accounting
      • Productivity, technology and efficiency
        • Technology
        • Efficiency
      • Deeper determinants of growth
    • See Also
    • Bibliography
    • How to cite this article

economic growth

Peter Howitt and David N. Weil
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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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.
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Keywords

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Article

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How to cite this article

Howitt, Peter and David N. Weil. "economic growth." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 17 November 2017 <http://www.dictionaryofeconomics.com/article?id=pde2008_G000209> doi:10.1057/9780230226203.0432

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