Understanding long-run economic growth
geography, institutions, and the knowledge economy
- ISBN: 9780226116341
- Editorial: University of Chicago Press
- Fecha de la edición: 2011
- Lugar de la edición: Chicago. Estados Unidos de Norteamérica
- Colección: (NBER-C) National Bureau of Economic Research Conference Report
- Encuadernación: Cartoné
- Medidas: 24 cm
- Nº Pág.: 488
- Idiomas: Inglés
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. "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.
