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Determinants of Economic Growth : A Cross-Country Empirical Study

Determinants of Economic Growth : A Cross-Country Empirical Study - 97 edition

ISBN13: 978-0262522540

Cover of Determinants of Economic Growth : A Cross-Country Empirical Study 97 (ISBN 978-0262522540)
ISBN13: 978-0262522540
ISBN10: 0262522543
Cover type: Paperback
Edition/Copyright: 97
Publisher: MIT Press
Published: 1997
International: No

List price: $22.00

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Determinants of Economic Growth : A Cross-Country Empirical Study - 97 edition

ISBN13: 978-0262522540

Robert J. Barro

ISBN13: 978-0262522540
ISBN10: 0262522543
Cover type: Paperback
Edition/Copyright: 97
Publisher: MIT Press

Published: 1997
International: No
Summary

Research on economic growth has exploded in the past decade. Hundreds of empirical studies on economic growth across countries have highlighted the correlation between growth and a variety of variables. Determinants of Economic Growth, based on Robert Barro's Lionel Robbins Memorial Lectures, delivered at the London School of Economics in February 1996, summarizes this important literature.

The book contains three essays. The first is a survey of the research on the determinants of long-run growth through the estimation of panels of cross-country data. The second essay details the interplay between growth and political freedom or democracy and finds some evidence of a nonlinear relationship. At low levels of political rights, an expansion of rights stimulates growth; however, once a moderate level of democracy has been obtained, a further expansion of rights reduces growth. The final essay looks at the connection between inflation and economic growth. Its basic finding is that higher inflation goes along with a lower rate of economic growth.






Table of Contents

1. Economic Growth and Convergence
2. The Interplay between Economic and Political Development
3. Inflation and Growth
Concluding Observations
Notes
References
Index

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