Fundamental Sources of Long-Run Growth

During the past decade, there has been a tremendous advance in the understanding of economic development. Conflicting claims in this large and growing literature are yet to be sorted out. An attempt is made to highlight some of the key emerging themes in the literature and to put them in a new light...

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Bibliographic Details
Published in:The American economic review 1997-05, Vol.87 (2), p.184-188
Main Authors: Sachs, Jeffrey D., Warner, Andrew M.
Format: Article
Language:English
Subjects:
Capital accumulation
Countries
Economic activity
Economic development
Economic growth
Economic policy
Economic theory
Endowment
Estimates
GDP
Gross Domestic Product
Growth capital
Human capital
Income estimates
Income inequality
International trade
Life expectancy
Natural resources
Political risk
Population growth
Rule of law
Steady state economies
Studies
Variables
What Have we Learned from Recent Empirical Growth Research?
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Summary:During the past decade, there has been a tremendous advance in the understanding of economic development. Conflicting claims in this large and growing literature are yet to be sorted out. An attempt is made to highlight some of the key emerging themes in the literature and to put them in a new light. Therefore, a view is described of the recent literature on cross-country growth, some new empirical findings are presented, and the main directions for future research are discussed.
ISSN:0002-8282
1944-7981