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Productivity as the key to economic growth and development (English)

One of the most important lessons in economics is that productivity is key to economic growth. Productivity is defined in economic theory as the ratio of output over input. Productivity is mainly driven by four components: innovation, including the creation of new technologies: education to spread these new technologies and develop the capacity of the workforce, efficiency to promote the effective and flexible allocation of resources for production...
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Kim,Young Eun; Loayza,Norman V.; Meza Cuadra Balcazar,Claudia Maria.

Productivity as the key to economic growth and development (English). Research & Policy Briefs|no. 3 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/314741472533203058

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