Abstract
How does a nation grow? What causes development? This is the basic question economists attempted to answer since 1776, when Adam Smith published the volume: An Inquiry into the Nature and Causes of the Wealth of Nations. Since then the theory on economic development has moved forward from the classical and neoclassical to modern schools. On the empirical side we have now available diverse cross-section data of a significant number of countries, which provide a global picture of the process of development.
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Sengupta, J. (2011). Development. In: Understanding Economic Growth. Springer, New York, NY. https://doi.org/10.1007/978-1-4419-8026-7_1
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DOI: https://doi.org/10.1007/978-1-4419-8026-7_1
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