Economic Growth and Development Policy

This book provides the theoretical and analytical background necessary to understanding the process of growth and the implementation of economic policies. First, it presents the growth theory landscape and the evolution of growth as well as modern growth theory arguments where the policy implications of the theoretical approaches are set. The book then covers the relationship between policy and growth, discussing not only the growth prototypes that prevail but also their relation to politics and economic policy formation and decision making. In this context, policy formation determinants, as well as the targets, instruments, and policy implementations, are crucial. The role of structural changes and structural reforms and their relationship with economic growth is also analyzed. The book ends with an interdisciplinary study of how institutions and cultural background, entrepreneurship and innovation affect policy formation. Front Matter ....Pages i-xvi The Sources and Evolution of Growth (Panagiotis E. Petrakis, Dionysis G. Valsamis, Kyriaki I. Kafka)....Pages 1-36 Modern Growth Theory Arguments (Panagiotis E. Petrakis, Dionysis G. Valsamis, Kyriaki I. Kafka)....Pages 37-70 Growth Prototypes and Economic Policy (Panagiotis E. Petrakis, Dionysis G. Valsamis, Kyriaki I. Kafka)....Pages 71-90 Economic Policy Formation and Decision-Making (Panagiotis E. Petrakis, Dionysis G. Valsamis, Kyriaki I. Kafka)....Pages 91-122 The Determinants of Economic Policy Formation (Panagiotis E. Petrakis, Dionysis G. Valsamis, Kyriaki I. Kafka)....Pages 123-142 Targets, Instruments and Policy Implementation (Panagiotis E. Petrakis, Dionysis G. Valsamis, Kyriaki I. Kafka)....Pages 143-152 Institutional Change and Cultural Change (Panagiotis E. Petrakis, Dionysis G. Valsamis, Kyriaki I. Kafka)....Pages 153-187 Structural Changes, Structural Reforms and Economic Growth (Panagiotis E. Petrakis, Dionysis G. Valsamis, Kyriaki I. Kafka)....Pages 189-211 Entrepreneurship and Economic Growth (Panagiotis E. Petrakis, Dionysis G. Valsamis, Kyriaki I. Kafka)....Pages 213-234 Innovation, Creativity and Economic Growth (Panagiotis E. Petrakis, Dionysis G. Valsamis, Kyriaki I. Kafka)....Pages 235-263 Back Matter ....Pages 265-268