Visiting Britain - where there's a high-profile public debate on
endogenous growth theory (Labour pro, Tories mocking) as a Bank of England
research fellow - Robert Barro writes in today's (Nov 1) Financial Times:
<quote>
Statistical analysis of data from about 100 countries from 1960 to 1990
reveals a number of variables that influence the growth rate of real GDP
per head. The growth rate tends to be higher if the government protects
property rights, maintains free markets and spends little on
nonproductive consumption. Also helpful are high levels of human capital
in the forms of education and health, and low fertility rates.
<endquote>
Anyone know what research Barro is referring to? Is it credible?
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
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