Handbook of Economic Growth

Author: Philippe Aghion,Steven N. Durlauf

Publisher: Elsevier

ISBN: 0444520414

Category: Business & Economics

Page: 1867

View: 7434

Featuring survey articles by leading economists working on growth theory, this two-volume set covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms. It also covers technology, trade and geography, and growth and socio-economic development.

On the Causes of Economic Growth

The Lessons of History

Author: Carlos Sabillon

Publisher: Algora Publishing

ISBN: 0875865909

Category: Business & Economics

Page: 340

View: 7841

In a sweeping review of economic history, the author presents the salient facts of booms and slowdowns in the major economies of the world, in 50-year intervals and demonstrates the weakness of orthodox theories. The only factor that consistently causes growth, he shows, is centralized support for manufacturing, which spurs the creation of new technologies, which lead to wealth creation. Since the earliest of times, human beings have endeavored to uncover the causes of prosperity. Step by step, Sabillon tests the principal theories on the causes of economic growth against the facts of history. Here, economic statistics of the world are presented in a rationalized format that allows for comparison across countries and through time, with a challenge to those who study them to determine, with an open mind, what the statistics show and what are the trends -- beyond cherished theories that suit various political purposes. Tested against the historical data, textbook ideas and theories consistently come up short. Such analyses are highly troubling because they reveal an absence of correlation between theory and reality. The data, statistics illustrating the development of the world economy during the last several centuries, were extracted from economic, history and economic history books, from publications of the World Bank, the Organization for Economic Cooperation and Development, the International Monetary Fund, the World Trade Organization, the United Nations specialized agencies, research institutes and country statistical publications, and other books and journals. Analyzing the data over geography and time, Sabillon concludes that contrary to contemporary wisdom, left to market forces alone the economy will not and does not flourish. Only decisive intervention in support of manufacturing and technological advancement can provide growth. This systematic review of history and test of accepted dogma challenges economic theorists to consider one part of the equation of economic policy that has been wiped off the blackboard in today s politically-correct debates.

The Economic Growth of Brazil

A Survey from Colonial to Modern Times

Author: Celso Furtado

Publisher: Univ of California Press

ISBN: 9780520004412

Category: Brazil

Page: 285

View: 3614


In Search of Prosperity

Analytic Narratives on Economic Growth

Author: Dani Rodrik

Publisher: Princeton University Press

ISBN: 0691092699

Category: Business & Economics

Page: 481

View: 5440

The economics of growth has come a long way since it regained center stage for economists in the mid-1980s. Here for the first time is a series of country studies guided by that research. The thirteen essays, by leading economists, shed light on some of the most important growth puzzles of our time. How did China grow so rapidly despite the absence of full-fledged private property rights? What happened in India after the early 1980s to more than double its growth rate? How did Botswana and Mauritius avoid the problems that other countries in sub--Saharan Africa succumbed to? How did Indonesia manage to grow over three decades despite weak institutions and distorted microeconomic policies and why did it suffer such a collapse after 1997? What emerges from this collective effort is a deeper understanding of the centrality of institutions. Economies that have performed well over the long term owe their success not to geography or trade, but to institutions that have generated market-oriented incentives, protected property rights, and enabled stability. However, these narratives warn against a cookie-cutter approach to institution building. The contributors are Daron Acemoglu, Maite Careaga, Gregory Clark, J. Bradford DeLong, Georges de Menil, William Easterly, Ricardo Hausmann, Simon Johnson, Daniel Kaufmann, Massimo Mastruzzi, Ian W. McLean, Lant Pritchett, Yingyi Qian, James A. Robinson, Devesh Roy, Arvind Subramanian, Alan M. Taylor, Jonathan Temple, Barry R. Weingast, Susan Wolcott, and Diego Zavaleta.

Economic Growth Issues

Author: L. A. Finley

Publisher: Nova Publishers

ISBN: 9781594545559

Category: Business & Economics

Page: 176

View: 7223

By 'economic growth' economists mean, in the first place, annual increases in the nation's total output of goods and services - its national product. Economic growth and the productivity are impacted by individual enterprises, industrial sectors and the wider economy. This book presents leading edge research on this topic.

Public Choice and Economic Growth

Author: Francisco Baraona

Publisher: GRIN Verlag

ISBN: 3638191443

Category: Business & Economics

Page: 17

View: 396

Studienarbeit aus dem Jahr 2002 im Fachbereich VWL - Finanzwissenschaft, Note: 2,7, Humboldt-Universität zu Berlin (Öffentliche Finanzwischenschaft), Veranstaltung: Public Choice, Sprache: Deutsch, Abstract: Public Choice Ansichten zur Begründung von Wirtschaftswachstum wurden lange Zeit als nachrangiges Forschungsgebiet betrachtet, da moderne makroökonomische Wachstumstheorien den Prozess des Wirtschaftswachstums bis 1989 gut erklärt haben. Doch der Fall der Berliner Mauer und der Zerfall der Sowjetunion zeigten deutlich, dass politische Institutionen eine wesentlich bedeutendere Rolle in einem Wachstumsprozess spielen als vorher angenommen. Der Versuch, in den ex-kommunistischen Ländern durch die Implementierung demokratischer Systeme das Wirtschaftswachstum anzukurbeln, scheiterte, da gewisse Kriterien nicht erfüllt wurden. Diese Kriterien und empirischen Untersuchungen werde ich unter Punkt 2 vorstellen und erläutern. Die klassischen Wachstumsmodelle wurden vorrangig als Analyseinstrument zur Betrachtung der wesentlichen Wirtschaftswachstumsfaktoren benutzt. Als Basis dieser Betrachtungen galt die Produktionsfunktion. Politische und wirtschaftliche Institutionen wurden als vernachlässigbar betrachtet. Wirtschaftswachstum wurde durch Steigerung des Inputs und / oder durch bessere Ausnutzung der vorhandenen Ressourcen generiert (Human und Physisches Kapital und Technologischer Fortschritt), wobei eine dem Wachstum dienliche institutionelle Struktur vorausgesetzt wurde. Nach dem Zerfall der kommunistischen Systeme änderte sich der Schwerpunkt des Interessensgebietes von Public Choice. Der Fokus der Betrachtungen verschob sich vom Prozess politischer Willensbildung zu der institutionellen Betrachtung. Die Public Choice Betrachtung sieht in erster Linie Markt-Institutionen als wesentlichen Stimulierungsfaktor des Wirtschaftswachstums an. Sie betrachtet, im Gegensatz zu den modernen Wirtschaftsmodellen, institutionelle Rahmenbedingungen nicht als hinreichende Bedingung, sondern vielmehr als notwendige Bedingung. Um richtige politische Entscheidungen treffen zu können mit dem Ziel, Wirtschaftswachstum zu fördern, muss man also sowohl den Public Choice Ansatz als auch die modernen Wachstumsmodelle nehmen. Politische Entscheidungsträger müssen die richtige institutionelle Umgebung schaffen, damit Marktkräfte sich entfalten und Wirtschaftswachstum entstehen können. Die politischen Entscheider müssen sich in erster Linie also mit der Schaffung richtiger Strukturen beschäftigen, der Markt übernimmt dann die Steuerung der Ressourcen. [...]

Health and Economic Growth

Findings and Policy Implications

Author: Guillem López i Casasnovas,Berta Rivera,Luis Currais

Publisher: MIT Press

ISBN: 9780262122764

Category: Business & Economics

Page: 385

View: 9253

Leading international researchers offer theoretical and empirical microeconomic and macroeconomic perspectives on the ways a population's health status affects a country's economic growth.

Determinants of Economic Growth

A Cross-country Empirical Study

Author: Robert J. Barro

Publisher: MIT Press

ISBN: 9780262522540

Category: Business & Economics

Page: 145

View: 5936

Summarizes recent research from hundreds of empirical studies on economic growth across countries that have highlighted the correlation between growth and a variety of variables.

Higher Education and Economic Growth

Author: William E. Becker Jr.,William E. Becker,D.R. Lewis

Publisher: Springer Science & Business Media

ISBN: 9780792392354

Category: Business & Economics

Page: 182

View: 4877

This book addresses topics related to the role of post-secondary education in national economic development within the United States. The chapters summarize the research literature and synthesize what economists and other social scientists have learned about the contribution of higher education to economic growth. Attention is given to the research, teaching and service missions of higher education in stimulating economic growth and development. This book focuses on the economic and social gains to the nation as a whole and follows up on The Economics of American Higher Education edited by Becker and Lewis (Kluwer Academic Publishers, 1992), which dealt primarily with the effects of higher education on the gains of individuals.

Lectures on Economic Growth

Author: Robert E. Lucas

Publisher: Harvard University Press

ISBN: 9780674016019

Category: Business & Economics

Page: 204

View: 4516

In this book the Nobel Prize-winning economist Robert Lucas collects his writings on economic growth, from his seminal On the Mechanics of Economic Development to his previously unpublished 1997 Kuznets Lectures. The chapters progress from a general theory of how growth could be sustained and why growth rates might differ in different countries, to a model of exceptional growth in certain countries in the twentieth century, to an account of the take-off of growth in the Industrial Revolution, and finally to a prediction about patterns of growth in this new century. The framework in all the chapters is a model with accumulation of both physical and human capital, with emphasis on the external benefits of human capital through diffusion of new knowledge or on-the-job learning, often stimulated by trade. The Kuznets Lectures consider the interaction of human capital growth and the demographic transition in the early stages of industrialization. In the final chapter, Lucas uses a diffusion model to illustrate the possibility that the vast intersociety income inequality created in the course of the Industrial Revolution may have already reached its peak, and that income differences will decline in this century.

The Stages of Economic Growth

A Non-Communist Manifesto

Author: W. W. Rostow

Publisher: Cambridge University Press

ISBN: 1107717248

Category: Business & Economics

Page: 320

View: 8904

This third edition of The Stages of Economic Growth, first published in 1991, has a new preface and appendix, Professor Rostow extends his analysis to include economic and political developments as well as the advances in theory concerning nonlinear and chaotic phenomena. For those coming to his work for the first time, the original text and the introductions and appendices from earlier editions are included. This volume will not only be of interest to those concerned with the theory of economic growth, but also to students of policy since the 1960s. In the text Professor Rostow gives an account of economic growth based on a dynamic theory of production and interpreted in terms of actual societies. Five basic stages of economic growth are distinguished with detailed discussions of each stage including illustrative examples. He also applies the concept of stages of growth to an examination of the problems of military aggression and the nuclear arms race. The final chapter includes a comparison of his non-communist manifesto with Marxist theory. Materials from the second edition include an appendix in which he responds to some of his critics.

The Mystery of Economic Growth

Author: Elhanan Helpman

Publisher: Academic Foundation

ISBN: 9788171884841


Page: 223

View: 2830

Organizes the tale of economic growth around many themes: the importance of the accumulation of physical and human capital.

Economic Growth

Author: Robert Joseph Barro,Robert J. Barro,Xavier Sala-i-Martin,Xavier I Sala-i-Martin

Publisher: MIT Press

ISBN: 9780262025539

Category: Business & Economics

Page: 654

View: 9166

This graduate-level text on economic growth surveys neoclassical and more recent theories of growth, stressing their empirical implications and the relation of theory to data and evidence. The book has been revised and expanded in many areas, and incorporates contemporary research.

National Income and Economic Growth (Routledge Revivals)

Author: Kenneth Kenkichi Kurihara

Publisher: Routledge

ISBN: 113662581X

Category: Business & Economics

Page: 190

View: 4457

First published in 1961, Kenneth K. Kurihara’s National Income and Economic Growth makes a pioneering effort to integrate national income accounting, income-employment theory and growth analysis as a unified whole. In his belief that growth economics is taught most effectively as a dynamic implication of basic national income theory, Professor Kurihara offers a much fuller treatment of economic growth than most other texts of this genre. The author addresses the complex and pivotal problem of achieving the highest possible rate of growth of real national income while maintaining full employment without inflation, yet the book is confined to the clarification of the technical aspects of the problem. Professor Kurihara endeavours to make allusion to practical application and broad ‘determinants of determinants’ throughout in the varying context of a modern mixed open economy with its dynamic interaction of the private, the public and the foreign trade sectors. The book is intended for intermediate students of macro-economic theory.

Class Structure and Economic Growth

India and Pakistan Since the Moghuls

Author: Angus Maddison

Publisher: Taylor & Francis

ISBN: 9780415382595

Category: Business & Economics

Page: 181

View: 1307

This book was first published in 1971.

The Sources of Economic Growth

Author: Richard R. Nelson

Publisher: Harvard University Press

ISBN: 9780674001725

Category: Business & Economics

Page: 328

View: 3006

Technological advance is the key driving force behind economic growth, argues Richard Nelson. Drawing on a deep knowledge of economic and technological history as well as the tools of economic analysis, he exposes the intimate connections among government policies, science-based universities, and the growth of technology.