Government and Growth by Villy Bergstrom

Government and Growth

EditorVilly Bergstrom

Hardcover | May 1, 1997

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The sixth volume in the FIEF Studies in Labour Markets and Economic Policy series is a contribution to the empirical literature on endogenous growth theory, which studies the interrelationships of institutions, government policies, distribution, and growth. After an Introductory overview bythe editor, the volume contains four main chapters, each of which is followed by review comments: Alesina and Perotti review recent literature on the political economy of growth, and discuss such topics as the relationship between income instability and growth, whether democratic institutions and civil liberties influence growth performance, and whether income inequality hampers growth or not. Hansson and Henrekson study the tendency--predicted by neoclassical growth theory--of per capita income and productivity to converge between countries. They focus on the diffusion of technology and the phenomenon of 'catching up', whereby poor countries copy the production methods and possibilyorganizational methods in advanced countries. Grier uses a similar neoclassical production-function approach, but brings in some new explanatory factors for the growth process, including union density, the existence of corporatist as opposed to economically liberal governments, and centralized versus decentralized wage formation. Analysing four cases of late, successful industrialization (South Korea, Taiwan, Finland, and Austria) Juhana Vartiainen shows that, under certain conditions, decentralized market solutions of the problems of resource allocation are inferior to state planning and corporatism with or withoutgovernment involvement.

About The Author

Villy Bergstrom is at FIEF, Stockholm.

Details & Specs

Title:Government and GrowthFormat:HardcoverDimensions:276 pages, 8.5 × 5.43 × 0.79 inPublished:May 1, 1997Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198290373

ISBN - 13:9780198290377

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Table of Contents

Villy Bergstrom: IntroductionAlberto Alesina and Roberto Perotti: The Politics of Growth: A SurveyTorsten Persson: CommentPar Hansson and Magnus Henrekson: Catching Up, Social Capability, Government Size and Economic GrowthNick Crafts: CommentKjell Erik Lommerud: CommentKevin B. Grier: Governments, Unions, and Economic GrowthLars Calmfors: CommentJohn D. Stephens: CommentJuhana Vartiainen: Understanding State-led Late IndustrializationJonas Agell: CommentVilly Bergstrom: Comment

Editorial Reviews

The papers in Government and Growth are at the interface of economics and political science and underscore the importance of both disciplines for economic policy-making. Their empirical findings may well contribute to the materialisation of the principle of "good governance". - Rolf Bergs.Development Policy Review. Vol 16 1998.