曼昆《经济学原理》25production_growth.pptVIP

Diminishing Returns and the Catch-Up Effect The catch-up effect refers to the property whereby countries that start off poor tend to grow more rapidly than countries that start off rich. Investment from Abroad Governments can increase capital accumulation and long-term economic growth by encouraging investment from foreign sources. Investment from Abroad Investment from abroad takes several forms: Foreign Direct Investment Capital investment owned and operated by a foreign entity. Foreign Portfolio Investment Investments financed with foreign money but operated by domestic residents. Educatio