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Determinants of Economic Growth: Implications of the Global Evidence for Chile

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  • Robert J Barro

Abstract

The determinants of economic growth and investment are analyzed in a panel of around 100 countries observed from 1960 to 1995. The data reveal a pattern of conditional convergence in the sense that the growth rate of per capita GDP is inversely related to

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Bibliographic Info

Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía-Latin American Journal of Economics.

Volume (Year): 36 (1999)
Issue (Month): 107 ()
Pages: 443-478

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Handle: RePEc:ioe:cuadec:v:36:y:1999:i:107:p:443-478

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Keywords: Economic growth; convergence; investment; macroeconomics;

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References

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  1. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S71-102, October.
  2. Easterly, William & Rebelo, Sérgio, 1994. "Fiscal Policy and Economic Growth: An Empirical Investigation," CEPR Discussion Papers 885, C.E.P.R. Discussion Papers.
  3. Jong-Wha Lee, 1992. "International Trade, Distortions and Long-Run Economic Growth," IMF Working Papers 92/90, International Monetary Fund.
  4. Eric A. Hanushek & Dongwook Kim, 1995. "Schooling, Labor Force Quality, and Economic Growth," NBER Working Papers 5399, National Bureau of Economic Research, Inc.
  5. King, Robert G. & Levine, Ross, 1993. "Finance, entrepreneurship and growth: Theory and evidence," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 513-542, December.
  6. Tjalling C. Koopmans, 1963. "On the Concept of Optimal Economic Growth," Cowles Foundation Discussion Papers 163, Cowles Foundation for Research in Economics, Yale University.
  7. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
  8. Stephen Knack & Philip Keefer, 1995. "Institutions And Economic Performance: Cross-Country Tests Using Alternative Institutional Measures," Economics and Politics, Wiley Blackwell, vol. 7(3), pages 207-227, November.
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Cited by:
  1. World Bank, 2002. "Brazil : Growth and Poverty Reduction in Pernambuco," World Bank Other Operational Studies 15444, The World Bank.
  2. Ludmila Fadejeva & Aleksejs Melihovs, 2010. "Measuring Total Factor Productivity and Variable Factor Utilization," Eastern European Economics, M.E. Sharpe, Inc., vol. 48(5), pages 63-101, September.
  3. Francisco Rosende, 2000. "Teoría del Crecimiento Económico: Un Debate Inconcluso," Documentos de Trabajo 193, Instituto de Economia. Pontificia Universidad Católica de Chile..
  4. Jorge Rodríguez G., 2002. "Crecimiento Económico en Chile: Presente, Pasado y Futuro," Notas de Investigación Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 5(1), pages 89-95, April.
  5. Javier Cossío Medinacelli & Marco Antonio Laguna Vargas & Dennise Martin Alarcón & Pablo Mendieta Ossio & Raúl Mendoza Patiño & Martín Palmero Pantoja & Hugo Rodríguez Gonzales, 2008. "La inflación y políticas del Banco Central de Bolivia," Revista de Análisis del BCB, Banco Central de Bolivia, vol. 10(1), pages 73-109, December.
  6. Andrea Tokman, 2004. "Education and Economic Growth in Chile," Working Papers Central Bank of Chile 289, Central Bank of Chile.
  7. Andrea Tokman R, 2005. "Diagnosis and Propasals for Chilean Education," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 8(1), pages 35-52, April.
  8. José De Gregorio & Jong-Wha Lee, 1999. "Economic Growth in Latin America: Sources and Prospects," Documentos de Trabajo 66, Centro de Economía Aplicada, Universidad de Chile.
  9. Klaus Schmidt-Hebbel, 2006. "Chile's Economic Growth," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 43(127), pages 5-48.
  10. Florence Jaumotte, 2004. "Foreign Direct Investment and Regional Trade Agreements," IMF Working Papers 04/206, International Monetary Fund.
  11. Paula Faria & Francisco Vitorino da Silva Martins & Elísio Fernando Moreira Brandão, 2011. "How R&D and tax incentives influence economic growth: Econometric study for the period between 1995 and 2008 of EU-15," FEP Working Papers 442, Universidade do Porto, Faculdade de Economia do Porto.
  12. Jorge Marshall R., 2002. "El Camino de las Reformas," Notas de Investigación Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 5(1), pages 77-82, April.
  13. Ghosh, Saibal, 2009. "Does Financial Outreach Engender Economic Growth? Evidence from Indian States," MPRA Paper 32072, University Library of Munich, Germany.

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