April 2012 Archives

What Causes Economic Growth?

Today's column from the Deseret News

This semester I have been teaching a class at BYU on economic growth.  One of the anticlimactic moments in the class comes near the end when I try to summarize the various theories and models of growth we have covered.  We try to determine by an appeal to the evidence which of these is the best explanation of observed growth patterns.  The bottom line is that we don't really know.

Authors

  • Richard W. Evans is an Assistant Professor of Economics at Brigham Young University

  • Jason DeBacker is an Assistant Professor of Economics at Middle Tennessee State University

  • Kerk L. Phillips is an Associate Professor of Economics at Brigham Young University