Jerzmanowski, Michal - Volkswirtschaftliche Fakultät, … - 2011
role of institutions and macroeconomic policies in determining this sequence. We analyze the joint effect of policies and … institutions on the frequency of the four growth regimes: stable growth, stagnation, crisis and miracle-like fast growth. The … results confirm the importance of institutions for growth but also show that macro-policies; inflation, trade openness, size …