Introduction

Fabrizio Coricelli, Massimo di Matteo and Frank Hahn

Chapter 1 in New Theories in Growth and Development, 1998, pp 1-6 from Palgrave Macmillan

Abstract: Abstract After a decade of almost complete neglect, the 1980s and 1990s witnessed a revival of attention for economic growth, with an abundant production of literature on endogenous growth. It is fair to say that — given the importance of the topic — it is harder to explain the causes of the lack of attention to growth during the 1970s and beginning of the 1980s, than the causes of the more recent boom. For instance, in an often-quoted passage, Robert Lucas asked: ‘Is there some action a government of India could take that would lead the Indian economy to grow like Indonesia’s or Egypt’s? If so, what exactly? If not, what is about the “nature of India” that makes it so? The consequences for human welfare involved in questions like these are simply staggering: Once one starts to think about them, it is hard to think about anything else’ (Lucas, 1993).

Keywords: Endogenous Growth; Growth Theory; Capital Mobility; Random Shock; Market Liberalisation (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/978-1-349-26270-0_1

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