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Kaldor's facts are six statements about economic growth, proposed by Nicholas Kaldor in his article from 1961. He described these as "a stylized view of the facts", which coined the term stylized fact .
The fact that a country is poor does not guarantee that catch-up growth will be achieved. Moses Abramovitz emphasised the need for 'Social Capabilities' to benefit from catch-up growth. These capabilities include an ability to absorb new technology, attract capital and participate in global markets.
RGR is a concept relevant in cases where the increase in a state variable over time is proportional to the value of that state variable at the beginning of a time period. In terms of differential equations , if S {\displaystyle S} is the current size, and d S d t {\displaystyle {\frac {dS}{dt}}} its growth rate, then relative growth rate is
Perspective, relative size, occultation and texture gradients all contribute to the three-dimensional appearance of this photo. Depth perception is the ability to perceive distance to objects in the world using the visual system and visual perception. It is a major factor in perceiving the world in three dimensions
The Ebbinghaus illusion or Titchener circles is an optical illusion of relative size perception. Named for its discoverer, the German psychologist Hermann Ebbinghaus (1850–1909), the illusion was popularized in the English-speaking world by Edward B. Titchener in a 1901 textbook of experimental psychology, hence its alternative name. [ 1 ]
In economics, the concept of returns to scale arises in the context of a firm's production function.It explains the long-run linkage of increase in output (production) relative to associated increases in the inputs (factors of production).
Economic: science and technology advance, consequently there is an increase of state assignments into the sciences, technology and various investment projects, etc. physical : the state resorts to government loans for covering contingencies, and thus the sum of government debt and interest amount grow; i.e., it is an increase in debt service ...
Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on the behaviour and interactions of economic agents and how economies work.