Commission on Growth and Development

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https://hdl.handle.net/10986/4397
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.

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Topic: Poverty Reduction × Author: Durlauf, Steven × Subject: COUNTRY CASE × Subject: AGGREGATE INVESTMENT × Has files: true ×

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    From Growth Theory to Policy Design
    (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 diagnostic' approach.