Construct · 1 fields · 1 citations

critical minimum effort thesis: a standalone construct

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Development economics

thesis that a backward economy needs a growth stimulus above some minimum size to escape the forces that pull income per capita back down.

In development economics, critical minimum effort thesis refers to thesis that a backward economy needs a growth stimulus above some minimum size to escape the forces that pull income per capita back down. This meaning comes from Leibenstein (1957) in Economic backwardness and economic growth.[1]

Unit
Recovery means
Measured by

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Nearby constructs

development1 fields · 2 citationsanchor · a standalone construct effort2 fields · 2 citationsjingle · one word, two constructs escape2 fields · 2 citationsjingle · one word, two constructs

References

Leibenstein, H. (1957). Economic backwardness and economic growth. Wiley. Open Library record

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