Losers and winners in economic growth

R. J. Barro, Lee Jong-Wha Lee

Research output: Contribution to journalArticlepeer-review

63 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
Pages (from-to)267-297
Number of pages31
JournalUnknown Journal
Publication statusPublished - 1994

ASJC Scopus subject areas

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

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