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Comparative Economic Growth: Evidence and Interpretation

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  • James A. Brander

Abstract

This paper reviews the major facts of comparative per capita economic growth over the 1960-88 period, drawing attention to the unprecedented rates of growth achieved by the fastest-growing economies and the consequent unprecedented variation in economic growth across countries. This paper also discusses the major economic explanations for cross-country variations, including traditional capital accumulation, technological "catch-up" and endogenous technological change, demographic change in combination with natural resource depletion, human capital investment, and government policy. All of these factors have explanatory power but much of the variation remains poorly understood.

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Bibliographic Info

Article provided by Canadian Economics Association in its journal Canadian Journal of Economics.

Volume (Year): 25 (1992)
Issue (Month): 4 (November)
Pages: 792-818

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Handle: RePEc:cje:issued:v:25:y:1992:i:4:p:792-818

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Cited by:
  1. Kanta Marwah & Akbar Tavakoli, 2004. "The Effect of Foreign Capital and Imports on Economic Growth: Further Evidence from Four Asian Countries," Carleton Economic Papers 04-02, Carleton University, Department of Economics.
  2. James A. Brander & Steve Dowrick, 1993. "The Role of Fertility and Population in Economic Growth: Empirical ResultsFrom Aggregate Cross-National Data," NBER Working Papers 4270, National Bureau of Economic Research, Inc.
  3. Bouton, L. & Sumlinski, M.A., 2000. "Trends in Private Investment in Developing Countries. Statistics for 1970-1998," Papers 41, World Bank - International Finance Corporation.
  4. Daniels, Peter L., 1996. "Technology investment and growth in economic welfare," World Development, Elsevier, vol. 24(7), pages 1243-1266, July.
  5. Stefano Athanasoulis & Eric van Wincoop, 1997. "Growth uncertainty and risksharing," Staff Reports 30, Federal Reserve Bank of New York.
  6. Fuess, Scott Jr. & van den Berg, Hendrik, 1995. "The impact of transactional activities on productivity growth in Canada, and a comparison with the United States," The North American Journal of Economics and Finance, Elsevier, vol. 6(1), pages 1-15.
  7. Marwah, Kanta & Tavakoli, Akbar, 2004. "The effect of foreign capital and imports on economic growth: further evidence from four Asian countries (1970-1998)," Journal of Asian Economics, Elsevier, vol. 15(2), pages 399-413, April.

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