How Do Structural and Policy Factors Affect a Country’s Probability to Achieve the Most (or the Least) Favorable Growth Path?
We ask which economic policies can help a country create the most favourable conditions for development. We observe that the dynamics of several development indicators can be grouped into four clusters, each cluster corresponding to a different combination of growth and changes in inequality. Based on this observation, we define four different development scenarios and use limited dependent variable regressions to study how structural and policy factors affect a country’s probability to achieve the most (or the least) favourable of these scenarios. Our results point to a comforting picture: through the choice of appropriate policies countries can effectively increase their chances to achieve the most favourable development scenarios.
|Date of creation:||Sep 2010|
|Contact details of provider:|| Postal: P.O. Box 1881, Milwaukee WI 53201-1881|
Phone: (414) 288-7377
Web page: http://business.marquette.edu/departments/economics/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:mrq:wpaper:2010-06. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Andrew G. Meyer)
If references are entirely missing, you can add them using this form.