Macroeconomic Policies and Long Term Growth: A Conceptual and Empirical Review

"The main purpose of the paper is to review the theoretical and empirical literature on the relationship between macroeconomic policies and the long term growth rate of potential GDP. The paper lays out the current state of theory and the empirical findings on the subject. Further the paper discusses generally the kinds of macroeconomic policies appropriate for promoting and sustaining a satisfactory rate of long run economic growth in developing countries."