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dc.contributor.authorLorenz, Andreasen_US
dc.contributor.authorHemmer, Hans-Rimberten_US
dc.contributor.authorAhlfeld, Sebastianen_US
dc.date.accessioned2009-01-29T14:58:23Z-
dc.date.available2009-01-29T14:58:23Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/22390-
dc.description.abstractInternational analysis of economic growth has confirmed the theoretical assumption that international variations in per capita income can to a large extent be explained by differences in the accumulation of capital and human capital and by differing rates of technological progress. However, these results do not provide an answer to the question as to what causes trans-national variations in accumulation rates and technological progress. In searching for the ultimate drivers of economic growth, three competing lines of explanation have emerged: ? The geography-hypothesis which assumes that economic growth is ultimately determined by geographical characteristics ? The institutions-hypothesis which views the quality of institutions as a fundamental driver of growth ? The policy-hypothesis which emphasises the importance of economic policy This paper provides an overview over these three hypotheses and revisits the debate over their empirical relevance. Comparing the three approaches leads to the conclusion that none of them is really new and that many of their findings have already been incorporated into the strategies for international development assistance. Furthermore, the three hypotheses are not as exclusive as the debate on geography versus institutions would suggest but are indeed interconnected and complementary.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesEntwicklungsökonomische Diskussionsbeiträge / Universität Giessen, Professur für Volkswirtschaftslehre und Entwicklungsländerforschung 34en_US
dc.subject.jelO40en_US
dc.subject.jelO10en_US
dc.subject.ddc330en_US
dc.subject.stwEntwicklungen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwWirtschaftsgeographieen_US
dc.subject.stwInstitutionalismusen_US
dc.subject.stwWirtschaftspolitiken_US
dc.subject.stwEntwicklungsländeren_US
dc.titleThe Economic Growth Debate - Geography versus Institutions: Is There Anything Really New?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn493670815en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:jluide:34-
Appears in Collections:Entwicklungsökonomische Diskussionsbeiträge, Professur f. VWL u. Entwicklungsländerforschung, JLU Gießen

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