Growth Statics

Growth statics is a subfield of economics that deals with the study of how economies grow over time. It is concerned with the factors that determine the rate of economic growth, the sources of economic growth, and the effects of economic growth. The main topics in growth statics are The determinants of economic growth: What are the factors that determine the rate of economic growth? These factors include The quantity and quality of factors of production (labor, capital, land, and technology) The efficiency with which factors of production are used The institutional environment