Chapter

A Comparative Perspective on Developing Economies

Yujiro Hayami and Yoshihisa Godo

in Development Economics

Third edition

Published in print February 2005 | ISBN: 9780199272709
Published online October 2005 | e-ISBN: 9780191602870 | DOI: http://dx.doi.org/10.1093/0199272700.003.0003
 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 performance 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; domestic savings; economic growth; education; external debt; health; inter-country differences; natural resources

Chapter.  11707 words.  Illustrated.

Subjects: Economic Development and Growth

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