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1996 | OriginalPaper | Buchkapitel

The Effects of Nonmaterial Values and Other Ignored Factors Upon Economic Growth

verfasst von : Prof. Arvid Aulin

Erschienen in: Causal and Stochastic Elements in Business Cycles

Verlag: Springer Berlin Heidelberg

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The output (Y) P of an economy on a basic growth path P, whether in Growth Type 1 or 2, can be expressed in terms of the average human capital (h) P of population on that growth path: (10.1)$${\left( Y \right)_P} = {A^{1/{{\left( {1 - \beta } \right)}_b} - \beta /(1 - \beta )}}\left( {\psi /k} \right)\left( h \right)_P^{\left( {1 - \beta + \kappa } \right)/\left( {1 - \beta } \right)}$$.

Metadaten
Titel
The Effects of Nonmaterial Values and Other Ignored Factors Upon Economic Growth
verfasst von
Prof. Arvid Aulin
Copyright-Jahr
1996
Verlag
Springer Berlin Heidelberg
DOI
https://doi.org/10.1007/978-3-642-95738-3_5