The Determinants of Economic Growth in the Short and Long Terms

短期和长期经济增长的决定因素

• 批准号: 9112974
• 负责人: Stanley Fischer
• 金额: $ 11.98万
• 依托单位: National Bureau of Economic Research Inc
• 依托单位国家: 美国
• 项目类别: Continuing Grant
• 财政年份: 1991
• 资助国家: 美国
• 起止时间: 1991-08-15 至 1994-01-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=9112974&HistoricalAwards=false
• 关键词: Determinants; Economic; Growth; Short; Long

The eighties were the decade in which macroeconomists returned to growth theory and turned to development. The new growth theory deals explicitly with development, seeking to account for the apparent non-convergence of per capita income levels between developing and industrialized countries. A hallmark of much of the new literature is the demonstration that distortions and policy interventions that can be shown to affect the level of income in conventional models, can affect the steady state growth rate in the new models. The theory also emphasized the roles of technology, international trade, human capital, economies of scale, and the possible need for a co-ordinated big investment push to break out of a low income equilibrium. The empirical work associated with the new growth theory consists largely of cross-country regressions. But there has been remarkably little focus on the long-term influence of macroeconomic policies on growth. The contribution of this project comes from pulling the different strands of the theoretical and empirical literatures together to achieve as comprehensive an understanding of the development process as possible, and within that framework, to focus on the policy choices that are open to governments. The project will also focus on the influence of macroeconomic policies on developing countries growth rates. More specifically, this program on growth and development: (1) isolates the contributions of physical and human capital investments to growth in different countries, and attempting to explain the determinants of physical investment; (2) identifies the policy choices that governments can make to influence the accumulation of factors and the efficiency of their use; (3) identifies and explains differences in total factor productivity growth among countries; and (4) focuses on the technologies for the accumulation of human capital, and the question of the type of educational policy that is most conducive to economic growth.

80年代是宏观经济学家回归 增长理论，转向发展。 新增长理论 明确地处理发展问题， 人均收入水平明显不趋同， 发展中国家和工业化国家。 这是大多数 新的文学是一个证明，扭曲和 政策干预，可以显示影响水平， 传统模型中的收入，可以影响稳态增长 在新模式中。 该理论还强调了 技术、国际贸易、人力资本、 规模，以及可能需要协调的大规模投资 打破低收入均衡。 实证 与新增长理论相关的工作主要包括 跨国回归 但在过去的几年里， 关注宏观经济政策对经济发展的长期影响 增长 这个项目的贡献来自于 不同的理论和经验文献 共同努力，全面了解 在这一框架内， 关注政府可以选择的政策。 的 项目还将侧重于宏观经济的影响 发展中国家的增长率。 更具体地说，这个关于增长和发展的方案： (1)将物质资本和人力资本的贡献分开， 在不同国家的投资增长，并试图 解释实物投资的决定因素; (2)确定了政府可以做出的政策选择， 影响因素的积累和效率， 使用; (3)确定并解释总因素的差异 各国之间的生产力增长; (4)重点是人类积累的技术， 资本，以及教育政策类型的问题， 最有利于经济增长。