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Monday, October 5, 2020 | History

2 edition of Economic growth in a cross section of countries found in the catalog.

Economic growth in a cross section of countries

Barro, Robert J.

Economic growth in a cross section of countries

by Barro, Robert J.

  • 67 Want to read
  • 13 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Economic development.,
  • Human capital.,
  • Fertility -- Statistics -- Economic aspects.,
  • Saving and investment.

  • Edition Notes

    StatementRobert Barro.
    SeriesNBER working paper series -- working paper no. 3120, Working paper series (National Bureau of Economic Research) -- working paper no. 3120.
    The Physical Object
    Pagination25 p. ;
    Number of Pages25
    ID Numbers
    Open LibraryOL22437631M

    From the point of view of standard growth theory, the positive cross-country correlation between saving and growth that many commentators have noted appears puzzling. HBS professor Diego Comin and colleagues develop a theory of local saving and growth in an open economy . economic growth { the development of output, and more broadly human welfare, over decades or even centuries. Even small year-to-year di erences in growth rates, which may seem tiny in a short-run perspective, cumulate. If such di erences are systematic over decades, they build up to signi cant changes in living standards.

    tional action to accelerate economic growth, facilitate the cross-border flow of goods and services and support countries,2 high population growth developing countries. The final section.   Determinants of Economic Growth, based on Robert Barro's Lionel Robbins Memorial Lectures, delivered at the London School of Economics in February , summarizes this imp Hundreds of empirical studies on economic growth across countries have highlighted the correlation between growth and a variety of variables/5(1).

    Global economy, or world economy, refers to the economic relations between countries in a world where markets are interconnected and there is a free movement of goods, services, labor and capital across countries. In order to understand the term integrated world economy, the concept of globalization needs to be defined as well. Globalization. Economic Growth in a Cross Section of Countries. Economic Growth in a Cross Section of Countries (pp. ) Robert J. Barro Download PDF Save Cite this Item xml. Equipment Investment and Economic Growth. Equipment Investment and Economic Growth (pp. ) J. Bradford De Long and Lawrence H. Summers DOI: /


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Economic growth in a cross section of countries by Barro, Robert J. Download PDF EPUB FB2

ECONOMIC GROWTH IN A CROSS SECTION OF COUNTRIES" For 98 countries in the periodthe growth rate of real per capita GDP is positively related to initial human capital (proxied by school- enrollment rates) and negatively related to the initial () level of real per capita GDP.

Countries with higher human capital also have lower fertility rates and higher. Economic growth in a cross section of countries. [Robert J Barro; National Bureau of Economic Research.] -- In neoclassical growth models with diminishing returns to capital, a country's per capita growth rate tends to be inversely related to its initial level of income per person.

Robert J. Barro, Economic Growth in a Cross Section of Countries, The Quarterly Journal of Economics, VolumeIssue 2, MayPages –, Select Format Select (Mendeley, Papers, Zotero).enw (EndNote).bibtex (BibTex).txt (Medlars, RefWorks) Download citationCited by: Economic Growth in a Cross Section of Countries Robert J.

Barro. NBER Working Paper No. (Also Reprint No. r) Issued in September NBER Program(s):Economic Fluctuations and Growth In neoclassical growth models with diminishing returns to capital, a country's per capita growth rate tends to be inversely related to its initial level of income per person.

"Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, Oxford University Press, vol. (2), pages Barro, R.J., " Economic Growth In A Cross Section Of Countries," RCER Working PapersUniversity of Rochester - Center for Economic Research (RCER).

These results on growth, fertility, and investment are consistent with some recent theories of endogenous economic growth. With regard to government, the cross-country data indicate that government consumption is inversely related to growth, whereas public investment has little relation with growth.

Economic Growth in a Cross Section of Countries. Robert Barro. NoNBER Working Papers from National Bureau of Economic Research, Inc. Abstract: In neoclassical growth models with diminishing returns to capital, a country's per capita growth rate tends to be inversely related to its initial level of income per person.

This convergence hypothesis seems to be inconsistent with. Macroeconomics Research Group. Economic Growth in a Cross Section of Countries. In Romer () human capital is the key input to the research sector, which generates the new products or ideas that underlie technological progress.

growth rate of per capita income of any country between and These exam-ples show that a country can be small and prosper, or, at the very least, that size alone is not enough to guarantee economic success.

In this chapter, we discuss the relationship between the scale of an economy and economic growth from two points of view. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, Oxford University Press, vol. (2), pages Handle: RePEc:oup:qjecon:vyip as.

A great deal of my China-India book deals with political economy in both countries. Read. The Theory of Economic Growth by W Arthur Lewis. Read. Your third book is The Theory of Economic Growth by W Arthur Lewis. He was the first Nobel Prize-winner in the subject of development economics.

He was also very much rooted in classical economics. This is the first broad cross-country assessment of the ties between financial structure--the mix of financial instruments, institutions, and markets in a given economy--and economic growth since Raymond Goldsmith's landmark study.

Most studies focus on developed countries and compare bank-based and market-based systems. Debates over the relative merits of the two systems have. Published Versions. Robert J. Barro, "Determinants of Economic Growth: A Cross-Country Empirical Study," MIT Press Books, The MIT Press, edition 1, volume 1.

The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from to The updated treatment of cross-country growth 5/5(8). However, in many countries, particularly the OECD countries, there has been a dramatic increase in the number of scientists and engineers Ch.

Explaining Cross-Country lncome Differences and a dramatic increase in the resources devoted to R&D with little or no increase in growth rates over a sustained period.

If such factors do condition the growth process in a non-random way, then these studies are potentially flawed. The growth process is considered using pooled cross-section, time-series data with fixed- and random-effect econometric techniques - techniques that attempt to accommodate across-country and across-time structural differences.

The Facts of Economic Growth C.I. Jones Stanford GSB, Stanford, CA, United States NBER, Cambridge, MA, United States Contents 1. Growth at the Frontier 5 Modern Economic Growth 5 Growth Over the Very Long Run 7 2. Sources of Frontier Growth 9 Growth Accounting 9 Physical Capital 11 Factor Shares 14 Human Capital 15 Research on economic growth has exploded in the past decade.

Hundreds of empirical studies on economic growth across countries have highlighted the correlation between growth and a variety of variables. Determinants of Economic Growth, based on Robert Barro's Lionel Robbins Memorial Lectures, delivered at the London School of Economics in Februarysummarizes this important.

Autor D () The Journal of Economic Perspectives at (Issues), Journal of Economic Perspectives, 26(2): 3– Cunningham W. () The Progress of Economic. countries converge at about the rate the augmented Solow model predicts. INTRODUCTION This paper takes Robert Solow seriously. In his classic article Solow proposed that we begin the study of economic growth by assuming a standard neoclassical production function with decreasing returns to.

to study economic growth. While these tools range across a variety of statistical methods, they are united in the common goals of first, identifying interesting contemporaneous patterns in growth data and second, drawing inferences on long-run economic outcomes from cross-section and temporal variation in growth.

We describe the main stylized facts.THE CONCEPT OF ECONOMIC GROWTH The purpose of this paper is to clarify certain issues which are prominent in discussions of the concept of economic growth. The main thesis is that the common practice of basing the definition of growth on an omnibus and pseudo-quantitative concept of aggre- gate economic welfare is not only untenable but is also.obtain the percentage point di erence in country growth.

economic policy. London: Zed Books with the North. Economic growth in a cross-section of. countries. Quarterly Journal of Economics.