Abstract
The idea that the productivity of new investment is a declining function of the rate of investment -- the concept labelled `absorptive capacity' -- has attracted attention in development economics because of its implications as a constraint on growth.
Cite
CITATION STYLE
APA
Eckaus, R. S. (1987). Absorptive Capacity. In The New Palgrave Dictionary of Economics (pp. 1–2). Palgrave Macmillan UK. https://doi.org/10.1057/978-1-349-95121-5_481-1
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