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Sibabrata Das (), Alex Mourmouras () and Peter C. Rangazas ()
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Sibabrata Das: International Monetary Fund
Alex Mourmouras: International Monetary Fund
Peter C. Rangazas: Indiana University-Purdue University Indianapolis (IUPUI)

Chapter Chapter 1 in Economic Growth and Development, 2015, pp 1-8 from Springer

Abstract: Abstract Among the most enduring questions in economics are those related to growth and development. Since 1776, when Adam Smith published An Inquiry into the Nature and Causes of the Wealth of Nations, economists have been assessing the factors determining a nation’s standard of living and rate of economic progress. More than two centuries of research have improved our understanding of the roles of investments in physical and human capital, advancing technologies, openness, and sound institutionsInstitutions in transforming relatively poor economies into economic powerhouses. This book is an introduction to some of the newer features of growth theory that were developed after 1950. We show how the theory can be blended with historicalInterest rates historical data and case studies to think about the sources of economic prosperity.

Keywords: Human Capital; Fiscal Policy; Physical Capital; Saving Rate; Land Rent (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-14265-4_1

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DOI: 10.1007/978-3-319-14265-4_1

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