Gwartney, James D.; Lawson, Robert A.; Holcombe, Randall G. - In: Journal of Institutional and Theoretical Economics (JITE) 155 (1999) 4, pp. 643-643
Modern growth theory, built on the foundation of Solow [1956], emphasizes growth in inputs and technological advances as the underlying causes of economic growth. More recent work has emphasized the importance of market institutions and economic freedom as prerequisites for growth. This paper...