Empirical Econometric Studies on the Economic Growth of Developing Countries
Changes in Economic Growth in Developing Countries
James Sampi examined the factors influencing economic growth to provide insights for policymakers. He challenges the traditional view of productivity growth and demonstrates that high-income countries may exhibit a growth pattern that increases exponentially.
Additionally, Sampi studied how policy measures impact growth, with a focus on Peru. He shows that removing bureaucratic barriers increases productivity by 10 percent and that natural disasters primarily raise food prices due to reduced production. Sampi's work emphasizes the need for thorough analysis to develop effective economic policies.
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