The Political Economy of Growth: A Critical Survey of the Recent Literature
综述了内生增长理论与新政治经济学交叉领域的研究,探讨经济增长、政治不稳定、民主制度与收入不平等之间的关系。
This article reviews the recent literature on the political economy of growth, focusing on the research that has developed at the intersection of the endogenous growth litera-ture and the new political economy. It explores the relationships amcng four key variables: economic growth and capital accumulation, political instabidity, political freedom and democratic institutions, and income inequality. Two of the most active fields in economics in the past few years have been growth theory and political economy. Empirical and policy questions motivate both lines of research. The growth literature, with its new endogenous growth theories, analyzes economic factors such as education, openness, infrastructure, and government spending to determine which are more important or less impor-tant for growth. The political-economy literature argues that economics alone cannot fully explain the enormous variance across countries in growth and, more generally, in economic outcomes and policy choices. Political-economy models begin with the assertion that economic policy choices are not made by social planners, who live only in academic papers. Rather, economnic policy is the