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India's biggest constraint to growth is the availability of land and water".
"The budget deficit remains a key constraint to growth and stability in the economy," said Desmond Supple, a director at Barclays Capital in Singapore.
"There's so much excess capacity in the industry that there's no constraint to growth, it's just a lack of orders".
In 1987, when DEC's stock was close to $200, Kenneth Olsen declared that DEC's only constraint to growth was the number of sales representatives it had.
This was our biggest constraint to growth; so we put all the money down for our customers, and they pay us back from the energy savings that the system provides," he explains.
However, in countries such as Kosovo, characterised with a very high unemployment rate of unskilled workers and slow growth in less skill-intensive tradable activities including manufacturing, it is hard to argue that high returns to education is a signal that human capital is a binding constraint to growth (Rodrik, 2010).
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Highly unequal countries see additional constraints to growth compared with more equal ones.
The main reason is that as the world is coming up against increasing resource constraints to growth – it will be increasingly difficult to raise economic growth without a larger share of the population participating in that process.
When The Wall Street Journal surveyed the economy a year ago, it brushed aside talk of physical limits as hopelessly old-fashioned, approvingly quoting an analyst who declared: "In a knowledge-based economy, there are no constraints to growth".
Our research suggests that this is rarely the case and that the most challenging constraints to growth and success are rarely capital.
In that respect, GD is a de facto micro-based perspective on growth, i.e. it assumes that constraints to growth are essentially micro.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.
Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com