Growth Accelerations
Definition
The term Growth Accelerations refer to an increase in per-capita growth of at least two percentage points that is sustained for at least eight years and is at least 3.5 percent per year at the period's end. In addition, the post-acceleration output has to exceed the pre-acceleration peak level of income.
Context
Accelerating the process of economic growth in a sustained manner is a central policy issue in economics. By focusing on turning points in growth performance, the research addresses a key question facing decision makers: What policies most contribute to Growth Accelerations?
2007-12-01
Term
Socioeconomic
National Leapfrog
Accelerating the process of economic growth in a sustained manner is a central policy issue in economics.
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