What part does technological knowledge accumulation play in modern economic growth? This book investigates and examines the predictions of new growth theory, using OECD manufacturing data. Its empirical findings portray a novel and complex picture of the features of long-term growth, where technological knowledge production and diffusion play a central part, alongside variations in capital and employment. A parallel examination of long-run trade patterns and government policy issues completes a broader account of how knowledge-based growth in industrial output is at the heart of modern economic prosperity.
Developed by New Zealand reading specialist and author, Pam Holden, this exciting reading program offers an extensive range of illustrated fiction and photographic non-fiction titles at graded levels. Red Rocket Readers offer a carefully controlled sequence of challenges throughout the levels to ensure students progress with confidence and enthusiasm.
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