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The industrialist's son had to pay Bibiji only two more morning visits before she informed her husband that she was adding her jewelry to their input of capital.
Yet this analogy with the Soviet Union is preposterous.Economists refer to a rise in output per input of capital and labour as a gain in "total factor productivity".
The input of capital from Abu Dhabi prevented an embarrassing default on a $4.1 billion note by Nakheel, the property division of Dubai World.
If that is true, it might justify some reduction in the quantity of growth.More efficient growth would require a lower input of capital (as well as energy and labour) per yuan of extra output.
Traditional growth theories focus on the first factor where in developing countries, and especially due to the low input of capital, serious problems arise in the growth process.
The idea is that their active involvement leads to the input of capital, technical expertise, entrepreneurship, and (social) support in the policy process [5].
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To be profitable, gold mining had to be intensive and deep-level, requiring large inputs of capital and technology.
Start with the notion of an aggregate production function, which relates economy-wide output to economy-wide inputs of capital and labor.
It is calculated as the percentage increase in output that is not accounted for by changes in the volume of inputs of capital and labour.
"The very high decline rates of shale gas wells require continuous inputs of capital - estimated at $42 billion per year to drill more than 7,000 wells - in order to maintain production.
Like the Soviet command economy, China is good at marshalling inputs of capital and labour, he pointed out, but China has failed to generate growth in output per input, just as the Soviet Union failed before it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com