This paper focuses on how growth theory can guide growth policy design. It first argues that policy matters for growth, in particular when policy variables are interacted with country?specific variables (financial development, institutional environment, technological development, and so forth). Second, it argues that the Schumpeterian paradigm does a better job at delivering policy prescriptions that vary with country characteristics. Third, it discusses...
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详细
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2009/01/01
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工作文件（编号系列）
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57756
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1
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1
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2010/12/08
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Disclosed
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From growth theory to policy design
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rate of return on capital