Abstract
This article is a cross-country statistical analysis of the relationships among social, political, and economic factors in determining growth and development in less developed countries. It uses a path model in which social, political, and economic factors are specified as latent variables. According to the empirical results, almost all the socio-economic variables considered show significant direct and/or indirect growth effects. It is remarkable that this is also true of such factors as climate, ethnic homogeneity, intensity of governmental control, infrastructure, availability of raw materials, all of which are normally not included in traditional econometric growth models.
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