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Spear and Young re-examine the history of optimal growth during the 1950s and 1960s, [8] focusing in part on the veracity of the claimed simultaneous and independent development of Cass' "Optimum growth in an aggregative model of capital accumulation" (published in 1965 in the Review of Economic Studies), and Tjalling Koopman's "On the concept ...
The economic history of Brazil covers various economic events and traces the changes in the Brazilian economy over the course of the history of Brazil. Portugal , which first colonized the area in the 16th century, enforced a colonial pact with Brazil, an imperial mercantile policy, which drove development for the subsequent three centuries. [ 1 ]
[3] [5] Preston did, however, acknowledge that in the poorest countries economic growth may be necessary for improvements in health, as even the most inexpensive technologies have a cost of adoption that poor countries may not be able to afford. [10] Preston's work has also contributed to the broadening of the definition of economic development ...
The traditional form of the shift-share analysis was developed by Daniel Creamer in the early 1940s, and was later formalized by Edgar S. Dunn in 1960. [2] Also known as the comparative static model, it examines changes in the economic variable between two years. Changes are calculated for each industry in the analysis, both regionally and ...
Brazil GDP per capita, 1800 to 2018. Brazil's economic policy can be broadly defined by the Brazilian government's choice of fiscal policies, and the Brazilian Central Bank’s choice of monetary policies. Throughout the history of the country, economic policy has changed depending on administration in power, producing different results.
Brazil: love it or leave it, a slogan of the military regime. The Brazilian Miracle (Portuguese: milagre econômico brasileiro) was a period of exceptional economic growth in Brazil during the rule of the Brazilian military dictatorship, achieved via a heterodox and developmentalist model. During this time the average annual GDP growth was ...
P 0 = P(0) is the initial population size, r = the population growth rate, which Ronald Fisher called the Malthusian parameter of population growth in The Genetical Theory of Natural Selection, [2] and Alfred J. Lotka called the intrinsic rate of increase, [3] [4] t = time. The model can also be written in the form of a differential equation:
In the post-war period (1945–1960) examples include West Germany, France and Japan, which were able to quickly regain their prewar status by replacing capital that was lost during World War II. Some economists criticise the theory, stating that endogenous factors, such as government policy, are much more influential in economic growth than ...