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The Political Economy of Poverty, Equity and Growth: A Comparative Study$
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Deepak Lal and H. Myint

Print publication date: 1998

Print ISBN-13: 9780198294320

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198294328.001.0001

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Aggregate Growth Outcomes

Aggregate Growth Outcomes

Chapter:
(p.50) 2 Aggregate Growth Outcomes
Source:
The Political Economy of Poverty, Equity and Growth: A Comparative Study
Author(s):

Deepak Lal (Contributor Webpage)

H. Myint

Publisher:
Oxford University Press
DOI:10.1093/0198294328.003.0003

An examination is made of what can be learnt from the aggregate growth outcomes of the developing country sample analysed in the book, in terms of conventional statistical cross‐country regressions, to see how far they confirm to the qualitative conclusions from the studies themselves. The next three sections take account of the vast explosion of research on the ‘new’ growth and trade theories, which are supposed to have started a counter‐revolution in development thought, and which are at odds with the conclusions of the book. In the last section, the implicit organizing framework used in the book is introduced. This distinguishes between the different factor endowments (threefold, in terms of the relative endowments of land, labour, and capital), organizational structures (twofold, in terms of peasants versus plantation and mining economies), and politics (fivefold) in the country sample.

Keywords:   aggregate growth, developing countries, economic growth, growth theory, trade theory

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