Economic growth is a complex process with multiple determinants from "summary" of Theory of Economic Growth by W. Arthur Lewis
The process of economic growth is not a simple one. It involves a multitude of factors that interact with each other in complex ways. The determinants of economic growth are not limited to just one or two variables, but rather encompass a wide range of influences. These determinants can include factors such as investment, technological progress, human capital, political stability, and institutional quality. Each of these factors plays a crucial role in shaping the trajectory of an economy's growth over time. For example, investment is essential for economic growth as it provides the necessary funds for businesses to expand and create ne...
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