The determinants of economic growth / edited by M.S. Oosterbaan, Thijs de Ruyter van Steveninck, and N. van der Windt.

Format:

Book

Contributor:

Oosterbaan, M. S. (Maaike S.)

Ruyter van Steveninck, Thijs de.

Windt, N. van der (Nico)

Language:

English

Subjects (All):

Economic development.

Economic policy.

Physical Description:

viii, 281 pages : illustrations ; 24 cm

Place of Publication:

Boston : Kluwer Academic Publishers, [2000]

Summary:

What causes growth? Why have some countries grown much faster than others? Why do some countries not grow at all, or even experience negative (per capita) growth rates? What can governments do to raise the growth rates of their countries? These questions were discussed at a conference organized by the Netherlands Economic Institute (NEI) on behalf of the Netherlands Ministry of Foreign Affairs. The Determinants of Economic Growth contains the proceedings of the conference.

Contents:

Introduction: Economic growth and its determinants

An overview / Thijs De Ruyter Van Steveninck, Nico Van Der Windt, Maaike Oosterbaan 1

1 Recent developments in endogenous growth theory / Robert J. Barro 13

1.1 Framework for the empirical analysis of growth 14

1.2 Empirical findings on growth across countries 15

1.3 Implications of the cross-country findings for advanced countries 32

/ David Dollar 35

2 The joys and sorrows of openness: A review essay / William Easterly 39

2.1 The many dimensions of openness 39

2.2 The joys of openness 41

2.3 The sorrows of openness 48

/ Moshe Syrquin 58

/ Augustin Fosu 68

3 Technology in growth / Louise C. Keely, Danny Quah 75

3.2 Development of the literature 77

3.3 Empirical studies: R&D and the impact of property rights on growth 93

/ Graham Pyatt 103

4 Financial markets, financial flows, and economic growth in LDCs / Maxwell J. Fry 107

4.1 A fiscal foreword 107

4.2 Domestic finance 113

4.3 Foreign debt accumulation 138

4.4 Foreign direct investment 148

/ Ross Levine 162

5 Institutional development and economic growth / Deepak Lal 165

5.2 What are institutions? 166

5.3 Culture and social equilibria 170

5.4 Extensive and intensive growth 172

5.5 Changing material and cosmological beliefs 175

5.6 The family, the market, and the state 180

/ Aristomene Varoudakis 198

/ Theo Van de Klundert 204

6 Human capital and growth: The cost of rent seeking activities / Jean-Claude Berthelemy, Christopher Pissarides, Aristomene Varoudakis 209

6.2 Standard formulations of the role of human capital in empirical growth equations 210

6.3 Rent-seeking as an economic activity 216

6.4 The impact of rent-seeking on economic output 217

6.5 Rent-seeking and growth in an endogenous growth model 219

6.6 Empirical assessment: Evaluating human capital devoted to rent-seeking activities 223

/ George J. Borjas 230

7 Recent advances in economic growth: A policy perspective / Robert Lensink, Gerard Kuper 235

7.2 Growth theory: Some basic concepts 237

7.3 Education and human capital 240

7.4 Technology, R&D, and trade 243

7.5 Financial markets and capital flows 249

7.6 Institutions and inequality 252

7.7 Empirical studies 255.

Notes:

"Proceedings of the conference on Economic Growth and its Determinants, which was held on March 23 and 24, 1998, in the Hague"--Ackn.

Includes bibliographical references and index.

ISBN:

0792378857

OCLC:

44681725