The Growth Commission’s reports identify the ingredients that, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty. The Commission, consisting of 19 experienced leaders and 2 Nobel prize-winning economists, has released several commission reports, thematic volumes, and background working papers. The spring 2010 volume is the final book from the Commission. The Commission is succeeded by The Growth Dialogue.
(World Bank, Washington, DC, 2009)
Aghion, Philippe; Durlauf, Steven
This paper focuses on how growth theory
can guide growth policy design. It first argues that policy
matters for growth, in particular when policy variables are
interacted with country?specific variables (financial
development, institutional environment, technological
development, and so forth). Second, it argues that the
Schumpeterian paradigm does a better job at delivering
policy prescriptions that vary with country characteristics.
Third, it discusses the advantages and drawbacks of growth
regression analysis. Finally, it briefly describes and then
questions the recently proposed 'growth