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Economic growth 2 nd ed
Economists have, in some sense, always known that growth is important. Yet, at the core of the discipline, the study of economic growth languished after the late 1960s. Then, after a lapse of two decades, this research became vigorous again in the late 1980s. The new research began with models of the determination of long-run growth, an area that is now called endogenous growth theory. Other recent research extended the older, neoclassical growth model, especially to bring out the empirical implications for convergence across economies. This book combines new results with expositions of the main research that appeared from the 1950s through the beginning of the 2000s. The discussion stresses the empirical implications of the theories and the relation of these hypotheses to data and evidence. This combination of theory and empirical work is the most exciting aspect of ongoing research on economic growth. The introduction motivates the study, brings out some key empirical regularities in the growth process, and provides a brief history of modern growth theory. Chapters 1 and 2 deal with the neoclassical growth model, from Solow?Swan in the 1950s, to Cass?Koopmans (and recollections of Ramsey) in the 1960s, to recent refinements of the model. Chapter 3 deals with extensions to incorporate a government sector and to allow for adjustment costs in investment, as well as with the open economy and finite-horizon models of households. Chapters 4 and 5 cover the versions of endogenous growth theory that rely on forms of constant returns to reproducible factors. Chapters 6, 7, and 8 explore recent models of technological change and R&D, including expansions in the variety and quality of products and the diffusion of knowledge. Chapter 9 allows for an endogenous determination of labor supply and population, including models of migration, fertility, and labor/leisure choice. Chapter 10 works out the essentials of growth accounting and applies this framework to the endogenous growth models. Chapter 11 covers empirical analysis of regions of countries, including the U.S. states and regions of Europe and Japan. Chapter 12 deals with empirical evidence on economic growth for a broad panel of countries from 1960 to 2000.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| Tan 338. 900 151 Bar e | PSB lt.dasar - Pascasarjana | 0 |
| Penerbit | London The MIT Press., 2004 |
|---|---|
| Edisi | - |
| Subjek | Economic development Mathematical models |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |