1. Introduction and Summary

Sustained and inclusive economic growth has gained much attention in recent years (Acemoglu in Introduction to modern economic growth. Princeton University Press, New Jersey, 2009; Barro in Determinants of growth: a cross country empirical study. MIT Press, Cambridge MA, 1997; Barro and Sala-i-Martin in Economic growth. MIT Press, Cambridge MA, 2004; Griffin in World hunger and the world economy. Springer, Singapore, 1987; Heshmati et al. in Poverty reduction policies and practices in developing Asia. Springer, Singapore, 2015; Kim and Heshmati in Economic growth: the new perspectives for theory and policy. Springer, Singapore, 2014; Tausch and Heshmati in Globalization, the human condition and sustainable development in the 21st century: cross-national perspectives and European implications. Anthem Press, London, 2012; and others).