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Item Details
| Title:
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PRODUCTIVITY
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| Volume: |
v. 2 |
| By: |
Dale W. Jorgenson |
| Format: |
Hardback |
| List price:
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£54.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
0262100509 |
| ISBN 13: |
9780262100502 |
| Publisher: |
MIT PRESS LTD |
| Pub. date: |
4 January, 1995 |
| Edition: |
New ed. |
| Pages: |
498 |
| Description: |
This second volume of "Productivity" focuses on comparisons among industrialized countries. Although Germany and Japan are often portrayed as economic adversaries of the US, post-war experiences in these countries support policies that give priority to stimulating and rewarding capital formation. |
| Synopsis: |
The two volumes of "Productivity" present empirical studies that have permanently altered professional debates over investment and productivity as sources of post-war economic growth in industrialized countries. The distinctive feature of investment is that returns can be internalized by the investor. The most straightforward application of this idea is to investments that create property rights, but these volumes broaden the meaning of capital formation to include investments in education and training. "International Comparisons of Economic Growth" focuses on comparisons among industrialized countries. Although Germany and Japan are often portrayed as economic adversaries of the US, post-war experiences in all three countries support policies that give high priority to stimulating and rewarding capital formation. In the Asian model of growth exemplified by Japan, investments in tangible assets and human capital are especially critical during periods of rapid growth. |
| Illustrations: |
tables, bibliography, index |
| Publication: |
US |
| Imprint: |
MIT Press |
| Returns: |
Returnable |
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