Meaning Cumulative causation
What does Cumulative causation mean? Here you find 5 meanings of the word Cumulative causation. You can also add a definition of Cumulative causation yourself
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Cumulative causationthe idea that one factor can trigger a sequence of events which reinforce and amplify the entire process concerned. Term coined by Myrdal to explain economic disparity between regions whereby an initi [..]
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Cumulative causationDefinition An element of the economic theories of Swedish Nobel Laureate economist Gunnar Myrdal that conveys the ripple effects of changes in an economy. Myrdal stated that any change, such as new bu [..]
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Cumulative causationthe process by which one region of a country becomes increasingly the centre of economic activity. (See agglomeration economies and multiplier effect).
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Cumulative causationThe notion of ‘cumulative causation’ constitutes a basic hypothesis on the workings of the market mechanism. The operation of markets is conceived ...
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Cumulative causation The process whereby a significant increase in economic growth can lead to further growth as money circulates in the economy.
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