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Recent Developments in Growth Theory and Their Implications for Bangladesh

Author

Listed:
  • Islam , Nazrul

    (Professor, Department of Economics, Emory University)

Abstract

This paper reviews the recent developments in growth theory and discusses their implications for Bangladesh. It starts with an exposition of the Neoclassical Growth Theory (NCGT) and then presents several variants of the New Growth Theory (NGT). The paper identifies the unresolved issues of economic growth theory and highlights the implications of the growth theories for cross-country growth regularities. The paper next examines Bangladesh's growth record in the light of the recent growth discussion and identifies the areas of match and incongruities between the experience and the theories. The paper ends by drawing some lessons from the recent growth discussion for future growth efforts of Bangladesh

Suggested Citation

  • Islam , Nazrul, 2001. "Recent Developments in Growth Theory and Their Implications for Bangladesh," Bangladesh Development Studies, Bangladesh Institute of Development Studies (BIDS), vol. 27(2), pages 1-67, June.
  • Handle: RePEc:ris:badest:0414
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    Citations

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    Cited by:

    1. Islam, S.M.A, 2008. "Financial repression and economic distortions to the stage of economic growth and agricultural development in Bangladesh," Journal of the Bangladesh Agricultural University, Bangladesh Agricultural University Research System (BAURES), vol. 6.

    More about this item

    Keywords

    Economic growth theories; Economic growth models; Human capital; Trade development; Economic growth rate; Diminishing marginal returns; Capital investments; Production functions;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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