Bases Quote by Toshihiko Fukui
“The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.”
About This Quote
Economic growth per person stems mainly from more capital per worker and improvements in overall efficiency.
In simple terms: Growth comes from more capital and better productivity.
Invest in capital and boost productivity.
Themes
Mood
Type
When to use this quote
- business strategy
- government planning
- development projects
- industry analysis
Key Concepts
Questions to Reflect On
- What policies can enhance productivity?
- How to balance capital and innovation?
Productivity gains are harder to achieve than capital increases.