Publication:
Comment on 'Growth Empirics and Reality,' by William A. Brock and Steven N. Durlauf

creativeworkseries.issn 1564-698X
dc.contributor.author Pritchett, Lant
dc.date.accessioned 2014-03-27T21:29:43Z
dc.date.available 2014-03-27T21:29:43Z
dc.date.issued 2001-05
dc.description.abstract World Bank economists are mostly practical people, people who try to answer the question, 'what exactly should this particular country do right now?' But if they had hoped that the growth regression lessons summarized in William Brock and Steven Durlauf's article would enhance their practical advice giving, they might feel some dissatisfaction. How would they change their advice to, say, Brazil? But that is why this article is important conceptually. It goes to the heart of the matter by proposing a change in the empirical growth literature's fundamental methodology, from model testing to decision theoretic. The article's valiant but flawed attempt reveals the difficulties in making this shift, however. The reader likes to make three points: there is a tension between the interests of academics and practitioners in growth regressions; output response heterogeneity is a huge practical problem; and policy decisions can be guided only in broad outlines by growth regressions. en
dc.identifier http://documents.worldbank.org/curated/en/2001/05/17737235/comment-growth-empirics-reality-william-brock-steven-n-durlauf
dc.identifier.citation World Bank Economic Review
dc.identifier.uri http://hdl.handle.net/10986/17446
dc.language English
dc.language.iso en_US
dc.publisher Washington, DC: World Bank
dc.relation.ispartofseries World Bank Economic Review
dc.rights CC BY-NC-ND 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subject ADVANCED COUNTRIES
dc.subject ECONOMIC REVIEW
dc.subject EMPIRICAL ESTIMATION
dc.subject EMPIRICAL GROWTH LITERATURE
dc.subject EMPIRICAL RESEARCH
dc.subject EMPIRICAL WORK
dc.subject ESSAYS
dc.subject GROWTH EMPIRICS
dc.subject GROWTH REGRESSION
dc.subject GROWTH REGRESSIONS
dc.subject POLICY CHANGE
dc.subject POLICY CHANGES
dc.subject POLICY DECISIONS
dc.subject POLICY DISCUSSIONS
dc.subject POLICY REFORM
dc.subject POLICY VARIABLES
dc.subject TFP
dc.subject TOTAL FACTOR PRODUCTIVITY
dc.subject TRADE POLICY
dc.title Comment on 'Growth Empirics and Reality,' by William A. Brock and Steven N. Durlauf en
dc.type Journal Article en
dc.type Article de journal fr
dc.type Artículo de revista es
dspace.entity.type Publication
okr.date.disclosure 2013-05-21
okr.doctype Publications & Research :: Journal Article
okr.docurl http://documents.worldbank.org/curated/en/2001/05/17737235/comment-growth-empirics-reality-william-brock-steven-n-durlauf
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Social, Urban, Rural and Resilience
okr.globalpractice Poverty
okr.globalpractice Governance
okr.identifier.externaldocumentum 000333037_20130521130634
okr.identifier.internaldocumentum 17737235
okr.identifier.report 77353
okr.journal.nbpages 273-275
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/05/21/000333037_20130521130634/Rendered/PDF/773530JRN020010Empirics0and0Reality.pdf en
okr.peerreview Academic Peer Review
okr.topic Macroeconomics and Economic Growth :: Economic Growth
okr.topic Poverty Reduction :: Inequality
okr.topic Arts and Music
okr.topic Poverty Reduction :: Achieving Shared Growth
okr.topic Public Sector Corruption and Anticorruption Measures
okr.topic Culture and Development
okr.topic Public Sector Development
okr.unit Agriculture & Rural Dev (LCSAR)
okr.volume 15(2)
relation.isJournalIssueOfPublication a7f5b003-9830-4eee-a7c5-076725d16fd7
relation.isJournalOfPublication c41eae2f-cf94-449d-86b7-f062aebe893f
relation.isJournalVolumeOfPublication 673503d1-2849-439f-b8d7-fbe5192e8881
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
English PDF
Size:
480.65 KB
Format:
Adobe Portable Document Format
Description:
No Thumbnail Available
Name:
English Text
Size:
7.69 KB
Format:
Plain Text
Description:
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Collections