448, emphasis in the original) He makes this point more explicit with the capital accumulation
equation used above, asking us first to consider a case where the other factors changed as well:
"Fostering investment and capital accumulation
in new and innovative sectors that use existing domestic human resources and skills can help unleash Lebanon's potential for growth, and over the long-term shift the economy toward a more sustainable growth path,"said Ferid Belhaj, World Bank country director for the Mashreq region.
He famously demonized it with his concepts of the "liquidity trap" and the "paradox of thrift." As Keynes' biographer, Robert Skidelsky, recently said, "I think [Keynes] recognized intellectually, in order for capital accumulation
to go on, you have to have a high savings rate.
where [H.sub.H] are school hours, [xi] > 0 is a parameter that measures productivity inside schools, [gamma] [greater than or equal to] 0 measures the sensitivity of human capital accumulation
to the stock of social capital, and [[delta].sub.H] [greater than or equal to] 0 is the depreciation of human capital.
This is because investment generally falls during an economic contraction, which slows down capital accumulation
and reduces the growth rate of potential GDP.
China Merchants Bank (CMB), a major financial institution, has described its "capital accumulation
" service as a "time and energy-efficient" way for a couple to save money, reports the Herald Sun.
The ideas of De Soto on the relationship between property rights, in the form of land titles, and capital accumulation
, through access of the poor to credit market by using their land titles as collateral, will be examined in this study.
The overseas schooling choice as a spatial strategy of capital accumulation
has recently attracted scholarly attention (Findlay et al 2012; Ong 1999; Waters 2005, 2006; Brooks and Waters 2011).
"Whereas the recent years' strong GDP growth was mostly due to the build-up of the LNG output, the capital accumulation
, due to the infrastructure build-up will probably play the role of GDP growth relay afterwards and until the World Cup."
China was clearly able for many years to exploit a "reserve army of the unemployed" a la Karl Marx - to grow rapidly without facing a labor-supply constraint, so that capital accumulation
would not run into diminishing returns.
The states with more employment opportunities have a potentially higher human capital accumulation
. (8) Savvides and Stengos point out that relationship between human capital accumulation
and economic growth may be characterized by the presence of thresholds that introduce nonlinear effects.
and economic growth also are crucial in determining aggregate welfare.
The book does show the historical downward trend in capital accumulation
and a significant upward movement in the ratios of income received by the financial sector from non-financial businesses (NFBs).
Summary: Algeria should further promote knowledge-based economy (KBE), built on competitiveness and technology transfer, and progressively giving up the capital accumulation
method, recommended Monday in Algiers an official at the European Investment Bank (EIB).