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That spurs productivity and company formation.
Foreign competition spurs productivity growth at home.
In a Kaldorian virtuous cycle, G.D.P. growth spurs productivity growth, which, in turn, spurs G.D.P. growth.
He says that "true competition spurs productivity and efficiency in the market, while tax incentivisation which is what this is only increases after-tax profits.
Economists have gradually come to understand, however, that in industrialized countries, population growth spurs productivity growth.
In this type of culture there is a sense of connection, community and unity that makes people feel included and energized, and spurs productivity and innovation.
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Trade is good for the economy, providing cheap imports and markets for exports, spurring productivity and raising living standards.
(They also show him as a struggling writer, obsessed, as writers are, with schemes for overcoming lethargy and spurring productivity).
So, bringing down the deficit, reducing capital costs, raising investment, spurring productivity growth, was the right and natural central strategy for spurring growth.
This underscores the need to accelerate structural reforms, including tax and expenditure policies that reinforce incentives to work and invest, and spur productivity growth," it added.
More important, the same IT that spurred productivity also increased competition more widely across industries, from airlines and banking to insurance and cars, squeezing prices and profits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com