How do national policies affect long-run growth? A research agenda

W. Easterly, R. King, R. Levine, S. Rebelo

    Research output: Contribution to journalArticle

    Abstract

    Many developing countries that have undergone structural adjustment in the 1980s suffer from slow economic growth. To speed their recovery in the 1990s, national policies must be designed to create sustained growth and raise per capita income. This paper presents an analytical framework for national policymaking. The authors examine fiscal, monetary, and financial policies in detail, as well as policies that affect trade intervention and foreign capital. They discuss the relationship between economic recovery and well-designed policies that provide investment incentives, raise per capita income, and encourage efficient use of capital. Such policies are needed not only to improve living standards, but also to service loans that support adjustment efforts and to help lenders shape recommendations for future lending. -from Publisher

    Original languageEnglish (US)
    JournalWorld Bank Discussion Papers
    Volume164
    StatePublished - Jan 1 1992

    ASJC Scopus subject areas

    • Geography, Planning and Development
    • Development

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  • Cite this

    Easterly, W., King, R., Levine, R., & Rebelo, S. (1992). How do national policies affect long-run growth? A research agenda. World Bank Discussion Papers, 164.