Development and economic growth: the effectiveness of traditional policies

Gabriella Berloffa · Giuseppe Folloni · Ilaria Schnyder von Wartensee

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International Development and Aid Economic Growth and Productivity Economic Growth and Development

Abstract

The empirical evidence of low effectiveness for growth of investment in physical and human capital policies based on international aid is analyzed and discussed (ï¿½ 1 and 2). Reasons are linked both to limits of analytical and econometric methods (ï¿½ 4) and the existence of strong complementarities between different dimensions of macroeconomic, social and institutional context (ï¿½ 3). We critically discuss the new strategies proposed to gain effectiveness in development projects and policies.

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1988On the mechanics of economic development 2009Development as Freedom 1992A Contribution to the Empirics of Economic Growth 1989Endogenous Technological Change 1995Corruption and Growth 1989Economic Growth in a Cross Section of Countries 1992The third wave: democratization in the late twentieth century 1971The Economic Implications of Learning by Doing

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