Chapter

Aggregate Growth Outcomes

Deepak Lal and H. Myint

in The Political Economy of Poverty, Equity and Growth: A Comparative Study

Published in print October 1998 | ISBN: 9780198294320
Published online November 2003 | e-ISBN: 9780191596582 | DOI: http://dx.doi.org/10.1093/0198294328.003.0003
 Aggregate Growth Outcomes

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An examination is made of what can be learnt from the aggregate growth outcomes of the developing country sample analysed in the book, in terms of conventional statistical cross‐country regressions, to see how far they confirm to the qualitative conclusions from the studies themselves. The next three sections take account of the vast explosion of research on the ‘new’ growth and trade theories, which are supposed to have started a counter‐revolution in development thought, and which are at odds with the conclusions of the book. In the last section, the implicit organizing framework used in the book is introduced. This distinguishes between the different factor endowments (threefold, in terms of the relative endowments of land, labour, and capital), organizational structures (twofold, in terms of peasants versus plantation and mining economies), and politics (fivefold) in the country sample.

Keywords: aggregate growth; developing countries; economic growth; growth theory; trade theory

Chapter.  31130 words.  Illustrated.

Subjects: Economic Development and Growth

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