Economics and Business Review

ISSN 2392-1641
e-ISSN 2450-0097

Poznań University of Economics - Poland

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Volume 9 Number 2 pp. 39-56

Stanis&#322,aw Gomu&#322,ka

London School of Economics

Mechanism and sources of world economic growth

Abstract: The paper proposes a novel approach to the theoretical interpretation of the observed wide variation of economic growth rates between countries and over time. It argues for the need to have two distinctly different classes of theories of economic growth, one for the countries of Technology Frontier Area (TFA), another one for all the other countries. The two classes are outlined and some specific theories are discussed. The paper also discusses the long-term dynamics of the innovation rate and the rate of economic growth. The empirical part offers a new list of stylized facts for the TFA countries and another one for the non-TFA countries. (original abstract)
pub/2009_2_39.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume9/issue2/2009_2_39.pdf
Keywords: Economic growth, Innovations, World economy, Wzrost gospodarczy, Innowacje, Gospodarka światowa

For citation:

MLA Gomu&#ka, Stanis&#aw. "Mechanism and sources of world economic growth." Economics and Business Review EBR 9.2 (): 39-56.
APA , (). Mechanism and sources of world economic growth. Economics and Business Review EBR 9(2), 39-56
ISO 690 GOMU&#KA, Stanis&#aw. Mechanism and sources of world economic growth. Economics and Business Review EBR, , 9.2: 39-56.