Abstract

VILLALOBOS CESPEDES, Daniel. Economic growth: productivity, thrift and capital accumulation. Economía y Sociedad [online]. 2020, vol.25, n.57, pp.63-92. ISSN 2215-3403.  http://dx.doi.org/10.15359/eys.25-57.4.

The aim of this research is to study the relationship between thrifts, capital accumulation, and economic growth, as suggested by Swan in 1956. It provides a model which measures resource contribution, productivity, and share on economic growth and explains how it could occur in an economy. New formulas emerge as powerful tools in building a rigorous new method of attack to support the analysis and explanation of this subject, which was evaluated by the case of Costa Rica during the period 2010 - 2017. The theoretical and empirical findings of the analysis of capital and labor productivity, contribution, and share on economic growth support Swan’s suggestion.

Keywords : Trevor Swan; Resource composition; Convergence; Depreciation; Residue; Costa Rica.

        · abstract in Spanish | Portuguese     · text in English     · English ( pdf )