Publication: From Growth Theory to Policy Design
Date
2009
ISSN
Published
2009
Author(s)
Aghion, Philippe
Durlauf, Steven
Abstract
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.
Link to Data Set
Citation
“Aghion, Philippe; Durlauf, Steven. 2009. From Growth Theory to Policy Design. Commission on Growth and Development Working Paper;No. 57. © World Bank, Washington, DC. http://hdl.handle.net/10986/28001 License: CC BY 3.0 IGO.”