• Economics
  • Published 1997

Increasingly weightless economies

  title={Increasingly weightless economies},
  author={Danny T. Quah},
This article is one of an occasional series provided by academics working outside the Bank of England. The views expressed reflect those of the author rather than those of the Bank of England. In this article Danny T Quah examines how, when an economy grows, its patterns of production and consumption systematically change. He describes one such large-scale evolution, namely, the increasing weightlessness of aggregate output across advanced economies. In all fast-growing successful countries… CONTINUE READING