Institutions, Policies, and Economic Growth: Overview
MPRA Paper from University Library of Munich, Germany
Economic growth is perhaps one of the most important subjects in the field of economic development. This paper overview the links between institutions, economic growth, and policy settings in developing countries based on cross-country (Asia, Latin America, and Africa), for the last two decades. It has also been shown that many policy effects act not only 'directly' on growth but also indirectly through the mobilization of resources for fixed investment. Sustained high growth rates are usually regarded as the main driver of improving the general welfare and income of a country. Neoclassical growth models, like Solow (1956), have put great emphasis on the role of physical capital accumulation. Modern economic growth theories have been extended to consider innovations, technology, human capital as well as institutions the fundamental causes of growth.
Keywords: Economic Development; Institutions; Institutions Performance; Policy; Economic Growth (search for similar items in EconPapers)
JEL-codes: D0 E02 E61 O4 O47 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/115609/1/MPRA_paper_115609.pdf original version (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:115609
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().