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economic growth
(redirected from Growth theory)

    Also found in: Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Economic growth
An increase in the nation's capacity to produce goods and services. Usually refers to real GDP growth.
economic growth
An increase in the production levels of goods and services. If measured in monetary terms, the increases must occur after adjustments for inflation have been made.


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Recent developments within endogenous growth theory suggest that openness influences growth through the channel of imports (Romer 1990, 1992; Grossman and Helpman 1991; Rivera-Batiz and Romer 1991; Aghion and Howitt 1998; Baldwin and Forslid 2000).
Trade barriers, openness, and economic growth by Madsen, Jakob B. / Southern Economic Journal
Written for students and scholars interested in growth theory, energy and ecological economics, this volume examines the shift from physical work by humans to the expenditure of fossil fuels to do the same tasks more efficiently, and whether or not future growth will be affected by the coming scarcity of natural resources.
The economic growth engine; how energy and work drive material ... by Reference & Research Book News
Moreover in the following paragraph, Solow makes an even more damaging statement as far as the conventional view of neoclassical growth theory is concerned:
The current crisis has a silver lining by Nevile, John / Economic and Labour Relations Review
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