Abstract
This volume provides an authoritative survey of present-day economics of growth. Little would be accomplished in reviewing this survey. I propose instead to contrast the early growth economics with the new insights and re-emphases now emerging and, in light of recent work and recent policy developments, to assess the prospects that countries have for stepping up their economic growth through better economic policy.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Bagella, M. and Becchetti, L. (1997) ‘Real Effectiveness of National Systems of Finance, Investment and Innovation: A Review of the Literature and a Proposal for a Comparative Approach’, in M. Bagella (ed.), Finance, Investment and Innovation: Theory and Empirical Analyses, (Aldershot: Ashgate).
Becattini, G. (1991) ‘Il Distretto Industriale Marshalliano come Concetto Socioeconomico’, in F. Pyke, G. Becattini and W. Sengenberger (eds), Distretti Industriali e Cooperazione tra imprese in Italia, Quaderno n. 34 di Studi e Informazione della Banca Toscana.
Bhattachary, S. and Chiesa, G. (1995) Proprietary Information, Financial Intermediation and Research Incentives’, Journal of Financial Intermediation, vol. 4, pp. 328–57.
Grossman, G. M. and Helpman, E. (1991) Innovation and Growth in the Global Economy, (Cambridge, MA: MIT Press).
Grossman, S. and Stiglitz, J. E. (1980) On the Impossibility of Informationally Efficient Markets’, American Economic Review, vol. 70, pp. 393–608.
Jaffe, D. and Russel, T. (1976) ‘Imperfect Information, Uncertainty, and Credit Rationing’, Quarterly Journal of Economics, pp. 651–66.
King, R. G. and Levine, R. (1993) ‘Finance and Growth: Schumpeter Might Be Right’, Quarterly Journal of Economics, August, vol. 108, no. 3.
King, R. G. and Levine, R. (1993) ‘Finance, Entrepreneurship and Growth: Theory and Evidence’, Ross Journal of Monetary Economics, December, vol. 32, no. 3.
Lucas, R. E. (1988) ‘On the Mechanics of Economic Growth’, Journal of Monetary Economics, vol. 22, pp. 3–42.
Myers, S. C. and Majluf, N. S. (1984) ‘Corporate Financing Decisions When Firms Have Investment Information That Investors Do Not’, Journal of Financial Economics, vol. 13, pp. 187–221.
Romer, P. M. (1986) ‘Increasing Returns and Long Run Growth’, Journal of Political Economy, vol. 94, pp. 1002–37.
Rosenzweig, R. (1990) Population Growth, Human Capital Investments: Theory and Evidence’, Journal of Political Economy, vol. 98, p. 5.
Saint-Paul, G. (1992) ‘Technological Choice, Financial Markets and Economic Development’, European Economic Review, vol. 36, pp. 763–81.
Stiglitz, J. E. (1993) The Role of the State in Financial Markets’, Proceedings of the World Bank Annual Conference on Development Economics, pp. 19–56.
Stiglitz, J. and Weiss, A. (1981) ‘Credit Rationing in Markets with Imperfect Information’, American Economic Review, vol. 71, pp. 912–27.
Tornell, A. (1996) ‘Real vs Financial Investment: Can Tobin Taxes Eliminate the Irreversibility Distortion?’, Journal of Development Economics, vol. 32, no. 2, pp. 419–44.
Williamson, S. D. (1986) ‘Costly Monitoring, Financial Intermediation, and Equilibrium Credit Rationing’, Journal of Monetary Economics, vol. 18, pp. 159–79.
Editor information
Editors and Affiliations
Copyright information
© 2003 CEIS (Centre for International Studies on Economic Growth), University of Rome ‘Tor Vergata’
About this chapter
Cite this chapter
Phelps, E.S. (2003). Conclusions. In: Paganetto, L., Phelps, E.S. (eds) Finance, Research, Education and Growth. Palgrave Macmillan, London. https://doi.org/10.1057/9781403920232_10
Download citation
DOI: https://doi.org/10.1057/9781403920232_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-40714-9
Online ISBN: 978-1-4039-2023-2
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)