Emissions of pollutants tend to be procyclical as they generally increase with economic growth. However, as government policy has a role to play in the mitigation of the environmental consequences of economic activity, the quality of institutions may influence the procyclicality of pollution and...

Frontmatter -- Contents -- Acknowledgments -- Introduction -- PART A: Economic Growth -- 1. Fifty Years of Growth (and Lack Thereof): An Interpretation -- 2. Growth Diagnostics -- 3. Synthesis: A Practical Approach to Growth Strategies -- PART B. Institutions -- 4. Industrial Policy for the...