Rethinking Economic Development, Growth, and Institutions.pdf

Rethinking Economic Development, Growth, and Institutions

Jaime Ros

Why are some countries richer than others? Why do some economies grow so much faster than others do? Do economies tend to converge to similar levels of per capita income? Or is catching up simply impossible? If modern technology has shown the potential to raise living standards to first-world levels, why is it that the vast majority of the worlds population lives in poverty in underdeveloped countries? These questions have been at the heart of development economics
since its inception several decades ago and are now at the center of the research agenda of the modern economics of growth.

This book reviews the answers to these questions in the contemporary fields of growth theory and comparative development. It is a sequel to Development Theory and the Economics of Growth published in 2000 with the aim to vindicate the theoretical insights and accumulated empirical knowledge of classical development economics and to integrate them into the mainstream of modern growth economics. The growth and development fields have expanded in the last twelve years in welcome directions that
aim to deepen our understanding of the fundamental determinants of comparative development. This new book evaluates these new directions, including developments in endogenous growth theory and economic geography as well as the rise and challenge of the new institutional economics, in the light of the
earlier, classical contributions to development theory.

Rethinking Economic Development, Growth, and … Rethinking Economic Development, Growth, and Institutions 9780199684809 by Ros, Jaime; Ros, Jaime. Publisher: Oxford University Press. FREE shipping to most Australian states.

5.71 MB DATEIGRÖSSE
0191507695 ISBN
Englisch SPRACHE
Rethinking Economic Development, Growth, and Institutions.pdf

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19.09.2012 · Introduction. Cross-country empirical analyses, in combination with micro-level studies, provide strong support for the overwhelming importance of institutions in predicting the level of development in countries around the world (Hall and Jones, …