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close this bookDeveloping the non-farm Sector in Bangladesh: Lessons from other Asian Countries (WB, 1996, 116 p.)
close this folderWhat drives growth?
View the document(introduction...)
View the documentGross domestic savings (GDS) (as a percentage of GDP).
View the documentGross domestic investment
View the documentForeign direct investment
View the documentPublic finances
View the documentHuman capital
View the documentHealth
View the documentMessage from indicators


From a macroeconomic standpoint the pace at which a country grows depends on the accumulation of physical and human capital as well as advances in technology motivated by the accretion of capital in its different forms. This process can be captured by a number of variables, which, individually, have limited explanatory power but, collectively, can illuminate the question of growth in sufficient depth. These variables can be grouped according to whether they pertain to physical capital or human capital. Those that reflect the level of physical capital include: