The Determinants of Growth

Nicholas Stern

Economic Journal, 1991, vol. 101, issue 404, 122-33

Abstract: The growth theories of the 1950s and 1960s emphasized capital accumulation and technical progress as explanations of growth. More recently theoretical attention has focused on the understanding of progress in terms of learning/human capital (in the tradition of K. Arrow) and investment in research (following H. Uzawa). These newer developments have made some, but only limited, progress. The experience of developing countries suggests that the agenda should be broadened to include the efficiency of factor use, infrastructure (broadly interpreted), and sectoral allocation. These aspects, together with the Kaldorian concern for dynamic increasing returns, provide substantial promise for future research. Copyright 1991 by Royal Economic Society.

Date: 1991
References: Add references at CitEc
Citations: View citations in EconPapers (72)

Downloads: (external link)
http://links.jstor.org/sici?sici=0013-0133%2819910 ... 0.CO%3B2-W&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecj:econjl:v:101:y:1991:i:404:p:122-33

Ordering information: This journal article can be ordered from
http://www.blackwell ... al.asp?ref=0013-0133

Access Statistics for this article

Economic Journal is currently edited by Martin Cripps, Steve Machin, Woulter den Haan, Andrea Galeotti, Rachel Griffith and Frederic Vermeulen

More articles in Economic Journal from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().