Chapter 11 Complexity of Economic Growth
Economic growth is a complicated topic. It can be examined from many perspectives. The economic growth theory developed in this book addresses some important aspects of economic growth, but neglects many others. For instance, population, resources and environment are essential determinants of global economic growth. We almost omit them on purpose because a proper treatment of these factors would greatly lengthen the book. This book constructed (the key part of) a comprehensive growth theory. From the economic structural point of view, our theoretical framework includes some well established economic systems such as the Arrow-Debreu equilibrium model, the Solow-Swan model, the Uzawa two-sector model, the ...
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