Using data from the Failed State Task Force data set, this paper argues entering onto positive growth paths for income and infrastructure per capita depend upon a nation’s political stability and its geography. A nation’s achieving sustained long-run growth in both variables is essential to its capacity to converge towards countries with high levels of income per capita because high levels of per capita infrastructure are strongly correlated with high levels of income per capita. New nation states seem to face heavy burdens to avoiding negative feedback traps, partly because their youthfulness is associated with political stability; partly because their propinquity to other politically unstable neighbors hampers their capacity to grow through trade and their ability to avert domestic conflict; partly because they tend to be located in the tropics where the incidence of malaria is high.
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Paper provided by Department of Economics, University of Victoria in its series Econometrics Working Papers with number
0506.
Length: 35 pages Date of creation: 26 May 2005 Date of revision: Handle: RePEc:vic:vicewp:0506
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Find related papers by JEL classification: F1 - International Economics - - Trade H1 - Public Economics - - Structure and Scope of Government H8 - Public Economics - - Miscellaneous Issues O5 - Economic Development, Technological Change, and Growth - - Economywide Country Studies
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Sachs, Jeffrey D & Warner, Andrew M, 1997.
"Fundamental,"
American Economic Review,
American Economic Association, vol. 87(2), pages 184-88, May.
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