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The Political Economy of Growth: A Critical Survey of the Recent Literature

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  • Alesina, Alberto
  • Perotti, Roberto

Abstract

This article reviews the recent literature on the political economy of growth, focusing on the research that has developed at the intersection of the endogenous growth literature and the new political economy. It explores the relationships among four key variables: economic growth and capital accumulation, political instability, political freedom and democratic institutions, and income inequality. Copyright 1994 by Oxford University Press.

Suggested Citation

  • Alesina, Alberto & Perotti, Roberto, 1994. "The Political Economy of Growth: A Critical Survey of the Recent Literature," The World Bank Economic Review, World Bank, vol. 8(3), pages 351-371, September.
    • Handle: RePEc:oup:wbecrv:v:8:y:1994:i:3:p:351-71
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    References listed on IDEAS

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    1. Alberto Alesina & Dani Rodrik, 1994. "Distributive Politics and Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(2), pages 465-490.
    2. Ozler, Sule & Rodrik, Dani, 1992. "External shocks, politics and private investment : Some theory and empirical evidence," Journal of Development Economics, Elsevier, vol. 39(1), pages 141-162, July.
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