Economic policy and economic growth

William Easterly

    Research output: Contribution to journalArticle

    Abstract

    If economic policy strongly affects the long-run rate of growth, then the cumulative implications of such policy for human welfare are such as to dwarf most other economic issues. This article argues that per capita growth will take place only if the after-tax productivity of capital and the rate of saving are high enough to keep up with population growth. Since capital productivity is affected by economic policy, policy determines not only the level of growth, but whether growth takes place at all. The author offers a critical examination of the relative roles of culture, technological advances, and economic policies. -from Author

    Original languageEnglish (US)
    Pages (from-to)10-13
    Number of pages4
    JournalFinance & Development
    Volume28
    Issue number3
    StatePublished - 1991

    Fingerprint

    economic policy
    Economic Policy
    economic growth
    productivity
    taxes
    population growth
    welfare
    examination
    Economic policy
    Economic growth
    economics
    rate
    policy

    ASJC Scopus subject areas

    • Earth and Planetary Sciences(all)
    • Environmental Science(all)

    Cite this

    Easterly, W. (1991). Economic policy and economic growth. Finance & Development, 28(3), 10-13.

    Economic policy and economic growth. / Easterly, William.

    In: Finance & Development, Vol. 28, No. 3, 1991, p. 10-13.

    Research output: Contribution to journalArticle

    Easterly, W 1991, 'Economic policy and economic growth', Finance & Development, vol. 28, no. 3, pp. 10-13.
    Easterly, William. / Economic policy and economic growth. In: Finance & Development. 1991 ; Vol. 28, No. 3. pp. 10-13.
    @article{7f37df647f3c4dbe8f6938e298d3f794,
    title = "Economic policy and economic growth",
    abstract = "If economic policy strongly affects the long-run rate of growth, then the cumulative implications of such policy for human welfare are such as to dwarf most other economic issues. This article argues that per capita growth will take place only if the after-tax productivity of capital and the rate of saving are high enough to keep up with population growth. Since capital productivity is affected by economic policy, policy determines not only the level of growth, but whether growth takes place at all. The author offers a critical examination of the relative roles of culture, technological advances, and economic policies. -from Author",
    author = "William Easterly",
    year = "1991",
    language = "English (US)",
    volume = "28",
    pages = "10--13",
    journal = "Finance and Development",
    issn = "0145-1707",
    publisher = "International Monetary Fund",
    number = "3",

    }

    TY - JOUR

    T1 - Economic policy and economic growth

    AU - Easterly, William

    PY - 1991

    Y1 - 1991

    N2 - If economic policy strongly affects the long-run rate of growth, then the cumulative implications of such policy for human welfare are such as to dwarf most other economic issues. This article argues that per capita growth will take place only if the after-tax productivity of capital and the rate of saving are high enough to keep up with population growth. Since capital productivity is affected by economic policy, policy determines not only the level of growth, but whether growth takes place at all. The author offers a critical examination of the relative roles of culture, technological advances, and economic policies. -from Author

    AB - If economic policy strongly affects the long-run rate of growth, then the cumulative implications of such policy for human welfare are such as to dwarf most other economic issues. This article argues that per capita growth will take place only if the after-tax productivity of capital and the rate of saving are high enough to keep up with population growth. Since capital productivity is affected by economic policy, policy determines not only the level of growth, but whether growth takes place at all. The author offers a critical examination of the relative roles of culture, technological advances, and economic policies. -from Author

    UR - http://www.scopus.com/inward/record.url?scp=0026319993&partnerID=8YFLogxK

    UR - http://www.scopus.com/inward/citedby.url?scp=0026319993&partnerID=8YFLogxK

    M3 - Article

    VL - 28

    SP - 10

    EP - 13

    JO - Finance and Development

    JF - Finance and Development

    SN - 0145-1707

    IS - 3

    ER -