Governance and Economic Growth is popular PDF and ePub book, written by Mark Gradstein in 2003, it is a fantastic choice for those who relish reading online the Economic development genre. Let's immerse ourselves in this engaging Economic development book by exploring the summary and details provided below. Remember, Governance and Economic Growth can be Read Online from any device for your convenience.
Governance and Economic Growth Book PDF Summary
Because protection of property rights cannot be appropriated by any individual, it is widely recognized as being the state's responsibility. Moreover, recent empirical evidence suggests that protection of property rights leads to higher investment levels and faster growth. The extent of property rights protection differs significantly across countries. The author integrates the emergence of property rights within a simple growth framework. Drawing on North (1990), he presents a model where economic performance and enforcement of property rights may reinforce each other. Initial conditions determine the economy's convergence to a high-income or a low-income steady state. Existing empirical evidence offers tentative support for this theory.
Detail Book of Governance and Economic Growth PDF
- Author : Mark Gradstein
- Release : 20 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Economic development
- Total Page : 20 pages
- Language : English
- PDF File Size : 13,6 Mb
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