Determinants of Economic Growth
A Cross-Country Empirical Study
By (author) Robert J. Barro
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Determinants of Economic Growth by Robert J. Barro
Book DescriptionResearch on economic growth has exploded in the past decade. Hundreds of empirical studies on economic growth across countries have highlighted the correlation between growth and a variety of variables. Determinants of Economic Growth, based on Robert Barro's Lionel Robbins Memorial Lectures, delivered at the London School of Economics in February 1996, summarizes this important literature. The book contains three essays. The first is a survey of the research on the determinants of long-run growth through the estimation of panels of cross-country data. The second essay details the interplay between growth and political freedom or democracy and finds some evidence of a nonlinear relationship. At low levels of political rights, an expansion of rights stimulates growth; however, once a moderate level of democracy has been obtained, a further expansion of rights reduces growth. The final essay looks at the connection between inflation and economic growth. Its basic finding is that higher inflation goes along with a lower rate of economic growth.
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Book DetailsISBN: 9780262522540
(203mm x 136mm x 12mm)
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 2-Oct-1998
Country of Publication: United States
Books By Author Robert J. Barro
Education Matters, Hardback (August 2015)
Renowned economists Robert Barro and Jong-Wha Lee examine and establish the critical role that education in economic growth, fertility, and democracy. Engaging and informative,Education Matters is a compelling read for students, scholars, and anyone with a passion for education.
Crises of Governments, Paperback (November 2011)
Examines the causes and consequences of the financial crash. This title looks at the effects of fiscal stimulus packages and suggests that, whilst they may lead to an immediate positive impact on growth, the effect can quickly wear off and the effect of the so-called stimulus packages can then be negative.
Money Employment and Inflation, Paperback (July 2008)
This is a textbook on macroeconomic theory that attempts to rework the theory of macroeconomic relations through a re-examination of their microeconomic foundations.
Economic Growth, Hardback (November 2003)» View all books by Robert J. Barro
The long-awaited second edition of an important textbook on economic growth--a major revision incorporating the most recent work on the subject.
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Author Biography - Robert J. Barro
Robert J. Barro is Robert C. Waggoner Professor of Economics at Harvard University and a senior fellow of the Hoover Institution at Stanford University.
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