While considering a wide array of positions, it … The first essay, investigated in the third chapter, the effect of financial development on economic growth in the context of Saudi Arabia, an oil-rich economy. The first point is widely accepted, but its implications are repressed Firstly, the theoretical background to the debate is outlined.

prominent in discussions of the concept of economic growth. The latter is discussed with reference to income distribution and poverty. Capital on Economic Growth PhD thesis to obtain the degree of PhD at the University of Groningen on the authority of the Rector Magnificus Prof. E. Sterken and in accordance with the decision by the College of Deans. The thesis is concerned with the relationship between economic growth, defined by GNP per capita, and inequality. ECONOMIC GROWTH: Long-process of sustained increase in the level of real income per capita in a certain economy Differences of extensive and intensive growth: Whereas extensive growth is achieved using more resources which make us get more output, intensive growth is issued as a result of (for example: technological advances) In doing so, … The main thesis is that the common practice of basing the definition of growth on an omnibus and pseudo-quantitative concept of aggre- gate economic welfare is not only untenable but is also unnecessary. This thesis is based on three empirical essays in financial development and economic growth. This thesis will be defended in public on Thursday 2 November 2017 at 16.15 hours by Maria Anna Papakonstantinou