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Policy Influences on Economic Growth in OECD Countries: An Evaluation of the Evidence

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  • Sanghoon Ahn
  • Philip Hemmings

Abstract

This paper examines the recent literature on economic growth with a focus on policy issues and evidence relevant to OECD countries. The review begins with an overview of developments in the theory of economic growth and also comments generally on the nature of evidence exploring the influences on growth. This is followed by an examination of issues relating to the link between growth and factors of production (physical and human capital). The third section of the paper assesses the evidence linking a number of other factors (or ‘framework conditions’) to growth, namely: macroeconomic policy; finance; trade and competition policy; ‘social capital’; and, population and health issues ... Ce document examine la littérature récente sur la croissance économique en particulier sur les aspects empiriques et de politiques économique concernant les pays de l'OCDE. L’étude commence par une vue d'ensemble des développements de la théorie de la croissance économique et présente également des observations générales sur la nature des recherches sur les déterminants de la croissance. Suit un examen des implications relatives aux liens entre la croissance et les facteurs de production (capital humain et physique). La troisième section du document évalue les implications des liens entre un certain nombre d'autres facteurs ('conditions cadres’) à la croissance, à savoir : la politique macro-économique ; la finance ; la politique du commerce et de la concurrence ; le 'capital sociétal' ; et les aspects liés à la population et la santé ...

Suggested Citation

  • Sanghoon Ahn & Philip Hemmings, 2000. "Policy Influences on Economic Growth in OECD Countries: An Evaluation of the Evidence," OECD Economics Department Working Papers 246, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:246-en
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    File URL: http://dx.doi.org/10.1787/581718238837
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    More about this item

    Keywords

    croissance économique; economic growth; OCDE; OECD; productivity; productivité;

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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