Maddison's Analysis of Growth and Development

ENCYCLOPEDIA OF POLITICAL ECONOMY, Philip O'Hara, ed., Routledge, pp. 681-684, 2000

Posted: 25 Jan 2010

Date Written: 2000

Abstract

Angus Maddison's analysis of economic growth and development are rooted in a rich array of compatible time series and cross-section data as well as incorporating unquantifiable variables. He has endeavoured to isolate the variable which have fostered or hindered the process of economic development. Maddison has found that economic agents have realised they can influence the course of economic development. He also argues that capital stock is very important to the growth process, as they lead to an increase in technology. The leaders in technology are often the leaders in technology. Maddison leaves us with a rich analysis of economic growth which can give us greater understanding and enable us to influence the own economic future of our nation.

Keywords: Maddison, Growth, Economic development, Time series, Cross-section

JEL Classification: O40

Suggested Citation

Altman, Morris, Maddison's Analysis of Growth and Development (2000). ENCYCLOPEDIA OF POLITICAL ECONOMY, Philip O'Hara, ed., Routledge, pp. 681-684, 2000 . Available at SSRN: https://ssrn.com/abstract=1542257

Morris Altman (Contact Author)

University of Newcastle ( email )

University Drive
Callaghan, NSW 2308
Australia

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