Chapter

A Comparative Perspective on Developing Economies

Yujiro Hayami

in Development Economics

Second edition

Published in print February 2001 | ISBN: 9780199243976
Published online November 2003 | e-ISBN: 9780191596377 | DOI: http://dx.doi.org/10.1093/0199243972.003.0003
 A Comparative Perspective on Developing Economies

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Aims to develop a bird's eye view on current status and growth potential of developing economies by means of highly condensed international comparative statistics in order to postulate broad hypotheses for the analyses in the subsequent chapters. The data suggest that wide differences in economic growth rates among developing countries are due little to differences in natural resource endowments, but may instead be explained by investment in both physical and human capital. Such broadly defined capital formation depends not so much on the level of per capita income as it does on institutions and policies.

Keywords: capital formation; developing countries; economic growth; inter‐country differences; inter‐regional differences; natural resources

Chapter.  10459 words.  Illustrated.

Subjects: Economic Development and Growth

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