On the problem of identifying the engines of economic growth |
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Authors: | Libby Rittenberg |
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Institution: | (1) Department of Economics at Colorado College, 80903 Colorado Springs, CO |
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Abstract: | This article investigates the empirical relationship between sectoral growth and income growth and in so doing casts doubt
on previous studies which have argued that either export or agricultural growth enhances total income growth. It is shown
that the evidence from the correlation and regression models used to date is inconclusive and that much of the measured impact
of sectoral growth on overall income growth may be spurious in the sense that it can be explained by growth in the underlying
inputs.
Professor Rittenberg’s research interests include sources of economic growth, stabilization/liberalization policies, and Third
World debt, with particular emphasis on the Turkish economy. |
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Keywords: | |
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