The Sources of Growth at Different Stages of DevelopmentContemporary Economic Policy
AbstractCross-country growth regressions have become an increasingly common tool in empirical development research. But these regressions typically do not attempt to distinguish among countries in different stages of development. Three empirical methods are used to test for such differences. Several of the factors known to affect economic growth are shown to operate differently for countries in different portions of the global income distribution. The results have implications for the role of financial markets, openness and factor accumulation in promoting growth.
Citation InformationEvan W. Osborne. "The Sources of Growth at Different Stages of Development" Contemporary Economic Policy Vol. 24 Iss. 4 (2006) p. 536 - 547 ISSN: 1074-3529
Available at: http://works.bepress.com/evan_osborne/12/