Measurement of Economic Growth

Economic growth is most commonly defined in terms of the rate of change in some measure of national product per head of population at constant prices. It is thus appropriate to consider four issues arising from this definition: the evolution of attempts to measure economic growth; the conceptual basis of the standard definition; various objections to this, and possible alternative concepts; and the actual historical record of selected nations with respect to their rate of economic growth.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Subscribe and save

Springer+ Basic €32.70 /Month

Buy Now

Price includes VAT (France)

eBook EUR 6,419.99 Price includes VAT (France)

Hardcover Book EUR 7,912.49 Price includes VAT (France)

Tax calculation will be finalised at checkout

Purchases are for personal use only