Journal Article

What have we learned from a decade of empirical research on growth? Comment on ‘It's Not Factor Accumulation: Stylized Facts and Growth Models,’ by William Easterly and Ross Levine

Paul Romer

in The World Bank Economic Review

Published on behalf of World Bank

Volume 15, issue 2, pages 225-227
Published in print August 2001 | ISSN: 0258-6770
Published online August 2001 | e-ISSN: 1564-698X | DOI: http://dx.doi.org/10.1093/wber/15.2.225
What have we learned from a decade of empirical research on growth? Comment on ‘It's Not Factor Accumulation: Stylized Facts and Growth Models,’ by William Easterly and Ross Levine

More Like This

Show all results sharing this subject:

  • Development Planning and Policy

GO

Show Summary Details

Preview

When economists in the 1950s and 1960s used growth models to understand the experience of developing countries, they allowed for the possibility of technology differences between developing countries and the United States. But because they did not have a good theory for talking about the forces that determined the level of the technology—in the United States any more than in developing countries—technology factors tended to be pushed into the background in policy discussions.

Journal Article.  0 words. 

Subjects: Development Planning and Policy

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.