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Rule and Policy Spaces and Economic Progress: Lessons for Third World Countries

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  • Scully, Gerald W

Abstract

Despite greater rates of capital accumulation, per capita growth rates among third world nations (particularly, Africa) are much lower than among the advanced, capitalist nations. In this paper, the author examines the critical roles of the rule space and policy on economic growth. Empirically, nations with poor institutions and policies grow at about a fifth of the rate of nations with good institutions and policies. Copyright 1997 by Kluwer Academic Publishers

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  • Scully, Gerald W, 1997. "Rule and Policy Spaces and Economic Progress: Lessons for Third World Countries," Public Choice, Springer, vol. 90(1-4), pages 311-324, March.
    • Handle: RePEc:kap:pubcho:v:90:y:1997:i:1-4:p:311-24
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    Cited by:

    1. Christiansen, Arndt, 2005. "Der "more economic approach" in der EU-Fusionskontrolle - eine kritische Würdigung," Research Notes 21, Deutsche Bank Research.

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