Can you reform your way to higher growth?


There are a lot of plausible policy changes that could raise the potential GDP of the U.S. (or many other countries). Whether those policy changes would lead to an appreciable change in growth rates is unclear, because the force that pushes economies towards a balanced growth path - convergence - operates very slowly. Then again, who says that a balanced growth path even exists?

Blog Posts

External Links

Figures

References

  1. 2016.   Barro, Robert J..   "Economic Growth and Convergence, Applied to China".   China \& World Economy, 24(5):5--19.   Link
  2. 2015.   Alex Tabarrok and Nathan Goldschlag.   "Is Regulation to Blame for the Decline in American Entrepreneurship?". George Mason University Working Paper   Link
  3. 2012.   Hanushek, Eric and Woessmann, Ludger.   "Do better schools lead to more growth? Cognitive skills, economic outcomes, and causation".   Journal of Economic Growth, 17:267-321.   Link
  4. 2011.   Parman, J..   "American Mobility and the Expansion of Public Education".   The Journal of Economic History, 71(01):105--132.
  5. 2010.   Hendricks, Lutz.   "Cross-country variation in educational attainment, structural change or within-industry skill upgrading?".   Journal of Economic Growth, 15:205-233.   Link
  6. 2007.   Cohen, Daniel and Soto, Marcelo.   "Growth and human capital, good data, good results".   Journal of Economic Growth, 12:51-76.
  7. 2005.   Durlauf, Steven and Paul A. Johnson and Jonathan R. W. Temple.   "Growth Econometrics".   Handbook of Economic Growth.
  8. 2002.   Hendricks, Lutz.   "How Important Is Human Capital for Development? Evidence from Immigrant Earnings".   The American Economic Review, 92(1):pp. 198-219.   Link
  9. 2002.   Charles I. Jones.   "Sources of U.S. Economic Growth in a World of Ideas".   American Economic Review, 92(1):220-239.
  10. 2001.   Pritchett, Lant.   "Where Has All the Education Gone?".   The World Bank Economic Review, 15(3):pp. 367-391.   Link
  11. 2000.   Hanushek, Eric A. and Kimko, Dennis D..   "Schooling, Labor-Force Quality, and the Growth of Nations".   The American Economic Review, 90(5):pp. 1184-1208.   Link
  12. 2000.   Bils, Mark and Klenow, Peter J..   "Does Schooling Cause Growth?".   The American Economic Review, 90(5):pp. 1160-1183.   Link
  13. 1996.   Sala-i-Martin, Xavier X.   "The Classical Approach to Convergence Analysis".   Economic Journal, 106(437):1019-1036.   Link
  14. 1992.   Barro, Robert J and Sala-i-Martin, Xavier.   "Convergence".   Journal of Political Economy, 100(2):223-251.   Link
  15. 1991.   Robert J. Barro and Xavier Sala-i-Martin.   "Convergence across States and Regions".   Brookings Papers on Economic Activity, 22(1):107-182.   Link
  16. 1956.   Solow, Robert M..   "A Contribution to the Theory of Economic Growth".   The Quarterly Journal of Economics, 70(1):pp. 65-94.   Link

Back to blog

Share and Discuss