Economists have long relied on cross-country regression analysis to identify the determinants of continued growth, but with only limited success. This book demonstrates the value of a different approach. The editors isolate three attributes that appear to be associated with long-term growth. First, whatever the form of the decision-making authority, all are ultimately subject to an element of political constraint: the population at large must eventually experience the benefits of growth if the authority is to remain in ...

Diversity in Economic Growth: Global Insights and Explanations 2009, Edward Elgar Publishing Ltd, Cheltenham

ISBN-13: 9781848444393