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Overview

  • Sibabrata Das
  • Alex Mourmouras
  • Peter C. RangazasEmail author
Chapter
  • 1.6k Downloads
Part of the Springer Texts in Business and Economics book series (STBE)

Abstract

Among the most enduring questions in economics are those related to growth and development. Since 1776, when Adam Smith published An Inquiry into the Nature and Causes of the Wealth of Nations, economists have been assessing the factors determining a nation’s standard of living and rate of economic progress. More than two centuries of research have improved our understanding of the roles of investments in physical and human capital, advancing technologies, openness, and sound institutions in transforming relatively poor economies into economic powerhouses. This book is an introduction to some of the newer features of growth theory that were developed after 1950. We show how the theory can be blended with historical data and case studies to think about the sources of economic prosperity.

Keywords

Human Capital Fiscal Policy Physical Capital Saving Rate Land Rent 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer International Publishing Switzerland 2015

Authors and Affiliations

  • Sibabrata Das
    • 1
  • Alex Mourmouras
    • 2
  • Peter C. Rangazas
    • 3
    Email author
  1. 1.International Monetary FundWashingtonUSA
  2. 2.Asia and Pacific DepartmentInternational Monetary FundWashingtonUSA
  3. 3.Indiana University-Purdue University Indianapolis (IUPUI)IndianapolisUSA

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