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The growth rate picked up a bit during 1961-71 � reaching 3.3 per cent per year. In the past, companies that followed the guidelines of industrial policy were implicitly guaranteed a government bailout in case of difficulty. Countries with policy score 3 perform significantly better than moderate reformers: the t-statistic for the difference in means between 3 and 2 is 2.537 and that for 3 and 1 is 0.721. The model parameters are identified with a Genetic Algorithm (GA) using its flexibility in identification of complex dynamics.

Pages: 210

Publisher: Davies-Black Publishing; 1st edition (September 18, 1998)

ISBN: 0891061215

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