Abstract
The rate of economic growth can be influenced both by greater investment in productive resources (such as capital assets) and by increases in the productivity of these resources. Although investment in fixed capital has traditionally been identified as the most important determinant of growth, recent studies have shown that increases in capital account for less than half of observed growth, and that increases in productivity through technical innovation are the main determinant of competitiveness and growth.
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© 1998 Brian Morgan
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Morgan, B. (1998). Regional Issues in Inward Investment and Endogenous Growth. In: Hill, S., Morgan, B. (eds) Inward Investment, Business Finance and Regional Development. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-14181-4_2
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DOI: https://doi.org/10.1007/978-1-349-14181-4_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-14183-8
Online ISBN: 978-1-349-14181-4
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