Causes of the Slow Rate of Economic Growth of the United Kingdom: An Inaugural Lecture |
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advanced countries agriculture and mining Allyn Young average balance of payments Belgium Britain Canada cent commodities Denmark distributive trades division of labour economic growth economies of scale explain exponential growth rates fast growth fast rate faster rate gross domestic product growth of demand growth of employment growth of exports growth of G.D.P. growth of industrial growth of manufacturing growth of output growth of productivity higher rate ICOR increasing returns industrial production industrial sector investment behaviour Japan manu manufacturing output manufacturing production manufacturing sector ment National Accounts Netherlands Norway output in services overall rate productivity and employment productivity growth rates public utilities rate of economic rate of growth rate of productivity real income regression coefficient regression equations relation relationship relatively secondary and tertiary shown significant stages of industrialisation surplus labour Table technological progress tertiary sectors transport and communications twelve countries United Kingdom University of Cambridge Verdoorn Law West Germany