Must read for those who plan to attend the SBS 2015 Summer Edition - Below the link to the English version of the book “Puzzles of economic growth co-edited, by Prof. Leszek Balcerowicz, who lectured at the Sofia Business School In his words First, it compares pairs of countries with similar levels of GDP per capita, which then began to vary over time. The countries analyzed in pairs are also similar in many different ways, in particular in terms of unquantifiable factors, such as culture. Simultaneously, there is enough variation within the whole group of analyzed countries to allow for drawing general conclusions about the main determinants of economic growth. The sample comprises countries with low to high level of GDP per capita, large and small, islands and landlocked, rich in natural resources and completely lacking thereof, inhabited by representatives of all the largest religions, located across all the continents with existing states (except for Africa), with various age structures and levels of education. Second, systematic forces of growth and effects of various shocks are analyzed here jointly in an integrated context. The effort is done to assess the relative importance of shocks for economic performance in long run. Third, the systematic forces of growth are analyzed on two levels. The analysis concentrates on underlying causes of growth, on institutions in particular, but the conventional growth accounting is also carried out allowing one to identify the proximate causes everywhere where it can contribute to deeper understanding of institutional determinants of growth. www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/12/02/000456286_20141202103745/Rendered/PDF/928640PUB0978100Box385358B00PUBLIC0.pdf
Posted on: Fri, 09 Jan 2015 15:55:59 +0000
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