How can sustainable long-run economic growth be realized

Reference no: EM13451813

There are a number of economic and non-economic factors that affect long-run economic growth of countries. Among these factors, roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita are widely discussed. Governments also play their roles in promoting and sustaining long-run economic growth of countries.

Empirical studies indicate that natural resources no longer play the largest role in affecting long-run economic growth since some of the natural resource rich countries are much poorer than natural resource poor countries.

1. What factors might contribute to a low or high growth rates in a country? Why do some poor countries experience higher growth rates than others when all face the same challenges?

2. Why resources are no longer the most important indicators of economic growth disparity among countries? Which other economic and non-economic factors do you think explain the reasons behind growth disparities among countries?

3. How can sustainable long-run economic growth be realized? What are the roles of the government in achieving sustainable long-run economic growth?

Reference no: EM13451813

Questions Cloud

A that price find the firms profit or loss will firm : consider a firm in a perfectly competitive industry. the firm has just built a plant that cost 25000. each unit of

Prepare the entry to record the receipt of the funds from : megan haak and kathy quandt borrowed 15000 on a 7-month 8 note from golden state bank to open their business mks coffee

Prepare general journal entries to record each transaction : halogen laminated products company began business on january 1 2011. during january the following transactions

Saffing company purchased the net assets ie assets minus : staffing company purchased the net assets i.e. assets minus liabilities of time management inc. for 390000. time

How can sustainable long-run economic growth be realized : there are a number of economic and non-economic factors that affect long-run economic growth of countries. among these

Describe how resource-based competitive advantage drives : competitive advantage implies the creation of a system that has a unique advantage over competitors. with the advent of

Compute the amount of depreciation expense recorded on old : smith steakhouse is a restaurant catering to a variety of customers. they purchased a new high-power oven at a cost of

Write the impacts of shortcomings of gdp as the measure of : gross domestic product gdp measures the market value of all final goods and services produced within a country in a

What is the opinion on relationship between unemployment : both inflation rate and unemployment rate are closely watched aspects of macroeconomic performances of the economy and

User Account

All Pages