Capital fundamentalism, economic development, and economic growth (English)

Few economic ideas are as intuitive as the notion that increasing investment is the best way to raise future output. This idea was the basis for the theory "capital fundamentalism." Under this view, differences in national stocks of capital were the primary determinants of differences in levels of national product. Capital fundamentalists viewed capital accumulation as central to increasing the rate of economic growth. Evidence to support this view...

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Author

King, Robert G.;

Levine, Ross;

DEC;
Document Date
1994/04/30
Document Type
Policy Research Working Paper
Report Number
WPS1285
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Capital fundamentalism, economic development, and economic growth
Keywords
Finance & Private Sector Development

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Citation

King, Robert G.; Levine, Ross; DEC.

Capital fundamentalism, economic development, and economic growth (English). Policy, Research working paper|no. WPS 1285 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/370421468765604458

Capital fundamentalism, economic development, and economic growth (English)

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