Losers and winners in economic growth

R. J. Barro, Lee Jong-Wha Lee

Research output: Chapter in Book/Report/Conference proceedingChapter

62 Citations (Scopus)

Abstract

This paper examines the growth rates in 116 economies from 1965 to 1985 and isolates five influences that discriminate reasonably well between slow and fast growers: a conditional convergence effect, whereby a country grows faster if it begins with lower real GDP per capita in relation to its initial level of human capital in the forms of educational attainment and health; a positive effect on growth from a high ratio of investment to GDP; a negative effect from excessively large government; a negative effect from government-induced distortions of markets; and a negative effect from political instability. Female educational attainment has a pronounced negative effect on fertility, whereas female and male attainment are each positively related to life expectancy and negatively related to infant mortality. There are comments on this paper by G. Hart and I. Husain on pp 299-309. -from Authors

Original languageEnglish
Title of host publicationProc. World Bank annual conference on development economics 1993
EditorsM. Bruno, B. Pleskovic
PublisherWorld Bank
Pages267-297
Number of pages31
Publication statusPublished - 1994 Dec 1

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economic growth
educational attainment
Gross Domestic Product
political instability
infant mortality
life expectancy
human capital
effect
fertility
market

ASJC Scopus subject areas

  • Earth and Planetary Sciences(all)
  • Environmental Science(all)

Cite this

Barro, R. J., & Jong-Wha Lee, L. (1994). Losers and winners in economic growth. In M. Bruno, & B. Pleskovic (Eds.), Proc. World Bank annual conference on development economics 1993 (pp. 267-297). World Bank.

Losers and winners in economic growth. / Barro, R. J.; Jong-Wha Lee, Lee.

Proc. World Bank annual conference on development economics 1993. ed. / M. Bruno; B. Pleskovic. World Bank, 1994. p. 267-297.

Research output: Chapter in Book/Report/Conference proceedingChapter

Barro, RJ & Jong-Wha Lee, L 1994, Losers and winners in economic growth. in M Bruno & B Pleskovic (eds), Proc. World Bank annual conference on development economics 1993. World Bank, pp. 267-297.
Barro RJ, Jong-Wha Lee L. Losers and winners in economic growth. In Bruno M, Pleskovic B, editors, Proc. World Bank annual conference on development economics 1993. World Bank. 1994. p. 267-297
Barro, R. J. ; Jong-Wha Lee, Lee. / Losers and winners in economic growth. Proc. World Bank annual conference on development economics 1993. editor / M. Bruno ; B. Pleskovic. World Bank, 1994. pp. 267-297
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