Found 24 article(s) for author 'Robert Barro'

Lessons from the Fiscal Cliff

Lessons from the Fiscal Cliff. Robert Barro, January 21, 2013, Opinion. “One of the many things I learned from Milton Friedman is that the true cost of government is its spending, not its taxes. To put it another way, spending is financed either by current taxes or through borrowing, and borrowing amounts to future taxes, which have almost the same impact on economic performance as current taxes…” May require purchase or user account. Link verified August 21, 2014

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Democracy, Law and Order, and Economic Growth

Democracy, Law and Order, and Economic Growth. Robert Barro, 2013, Book Chapter. “Economic performance depends on various aspects of government policy, but no aspect is more important than the quality of political, legal, and economic institutions. Differences in institutions have proven empirically to be among the most important determinants of cross-country differences in rates of economic growth. Consequently, basic reforms that improve institutions provide one of the surest routes for transforming a country in the long run from poverty to prosperity. This view, which underlies a good deal of recent empirical research…” Link verified August 21, 2014

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Education and Economic Growth

Education and Economic Growth. Robert Barro, 2013, Paper. “Since the late 1980s, much of the attention of macroeconomists has focused on long-term issues, notably the effects of government policies on the long-term rate of economic growth. This emphasis reflects the recognition that the difference between prosperity and poverty for a country depends on how fast it grows over the long term. Although standard macroeconomic policies are important for growth, other aspects of “policy” – broadly interpreted to encompass all government activities that matter for economic performance…” Link Verified October 12, 2014

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Health and Economic Growth

Health and Economic Growth. Robert Barro, 2013, Paper. “Since the mid 1980s, research on economic growth has experienced a boom, beginning with the work of Romer (1986). The new “endogenous growth” theories have focused on productivity advances that derive from technological progress and increased human capital in the form of education. Barro and Sala-i-Martin (1995) explore these theories and also discuss extensions to allow for open economies, diffusion of technology, migration of persons, fertility choice, and variable labor supply…” Link Verified October 12, 2014

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