Macroeconomic Policies and Long-Term Growth A Conceptual and Empirical Review

This paper reviews the theoretical and empirical aspects of the relationship between macroeconomic policies and the long-run rate of growth of GNP. The macroeconomic policies examined include fiscal policies, monetary and interest rate policies, external policies, and policies to reform the goods an...

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Bibliographic Details
Main Author: Villanueva, Delano
Other Authors: Khan, Mohsin
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1991
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Macroeconomic Policies and Long-Term Growth  |b A Conceptual and Empirical Review  |c Delano Villanueva, Mohsin Khan 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1991 
300 |a 46 pages 
651 4 |a China, People's Republic of 
653 |a Interest rates 
653 |a Private investment 
653 |a Investment 
653 |a Finance 
653 |a Labour 
653 |a Human capital 
653 |a Financial services 
653 |a Real interest rates 
653 |a Skills 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a Intangible Capital 
653 |a International Lending and Debt Problems 
653 |a International economics 
653 |a External debt 
653 |a Debts, External 
653 |a National accounts 
653 |a Labor 
653 |a Labor Productivity 
653 |a Saving and investment 
653 |a International trade 
653 |a Exports 
653 |a Banks and Banking 
653 |a Investments: General 
653 |a Macroeconomics 
653 |a Occupational Choice 
653 |a Interest Rates: Determination, Term Structure, and Effects 
653 |a Capacity 
653 |a Capital 
653 |a Human Capital 
653 |a Income economics 
700 1 |a Khan, Mohsin 
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520 |a This paper reviews the theoretical and empirical aspects of the relationship between macroeconomic policies and the long-run rate of growth of GNP. The macroeconomic policies examined include fiscal policies, monetary and interest rate policies, external policies, and policies to reform the goods and labor markets, including adjustments of producer prices and wages. In general, the effects of these policies on growth operate directly or indirectly through their influence on investment in physical and human capital, and on factor productivity. The available empirical evidence confirms the effects of specific macroeconomic and financial policies on long-run growth