Understanding Long-Run Economic Growth

Released on by Dora L. Costa
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  • Understanding Long-Run Economic Growth Book Detail

  • Author : Dora L. Costa
  • Release Date : 2011-08-10
  • Publisher : University of Chicago Press
  • Genre : Business & Economics
  • Pages : 401
  • ISBN 13 : 0226116425
  • File Size : 29,29 MB
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Understanding Long-Run Economic Growth by Dora L. Costa PDF Summary

Book Description: The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. Probing the long-term effects of early colonial differences on immigration policy, land distribution, and financial development in a variety of settings, Understanding Long-Run Economic Growth explores the relationship between economic conditions, growth, and inequality, with a focus on how the monopolization of resources by the political elite limits incentives for ordinary people to invest in human capital or technological discovery. Among the topics discussed are the development of credit markets in France, the evolution of transportation companies in the United Kingdom and the United States, and the organization of innovation in the United States.

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He presents evidence that long-run growth can be attributed to variances in hypothalmic activity."--BOOK JACKET.