Economic Growth In A Cross Section Of Countries
AbstractFor ninety-eight countries in the period 1960-85, the growth rate of real per capita GDP is positively related to initial human capital (proxied by 1960 school-enrollment rates) and negatively related to the initial (1960) level of real per capita GDP. Countries with higher human capital also have lower fertility rates and higher ratios of physical investment to GDP. Growth is inversely related to the share of government consumption in GDP, but insignificantly related to the share of public investment. Growth rates are positively related to measures of political stability and inversely related to a proxy for market distortions. Copyright 1991, the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
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Bibliographic InfoPaper provided by University of Rochester - Center for Economic Research (RCER) in its series RCER Working Papers with number 201.
Length: 25 pages
Date of creation: 1989
Date of revision:
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Postal: University of Rochester, Center for Economic Research, Department of Economics, Harkness 231 Rochester, New York 14627 U.S.A.
economic growth ; war ; human capital;
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- Why This Isnt A Time to Worry that Government Is Spending Too Little
by Matt Mitchell in Neighborhood Effects on 2010-06-30 21:56:24
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