Publication
May 2003
This publication reviews the literature on endogenous economic growth, which argues that national economic policies’ strongly affect growth. The author argues that the association between growth and policies is not robust to different estimation methods (pooled vs fixed effects vs cross-section). Further on, the publication finds that the economic endogenous growth theory fails to explain many stylized facts of the postwar era and therefore is in heavy need of revision.
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English (PDF, 62 pages, 460 KB) |
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Author | William Easterly |
Series | CGD Working Papers |
Issue | 27 |
Publisher | Center for Global Development (CGD) |
Copyright | © 2003 Center for Global Development (CGD) |