Patterns and Mechanics of Economic Growth
| Author | : David Edward Carney |
| Publisher | : |
| Total Pages | : 176 |
| Release | : 1967 |
| Genre | : Business & Economics |
| ISBN | : |
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Patterns of Economic Growth
| Author | : Lant Pritchett |
| Publisher | : World Bank Publications |
| Total Pages | : 68 |
| Release | : 1998 |
| Genre | : Business cycles |
| ISBN | : |
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Macroeconomic Patterns and Stories
| Author | : Edward E. Leamer |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 360 |
| Release | : 2008-11-21 |
| Genre | : Business & Economics |
| ISBN | : 3540463895 |
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The story of this book began with my dif?cult transition from teaching international economics and econometrics in Economics Ph. D. programs at Harvard and UCLA to teaching in the MBA programs at the Anderson School at UCLA. On the basis of 20 years of apparent teaching success in Ph. D. education, I arrived at the Anderson School in 1990 with a self-image as a star teacher, but I was greeted with highly disturbingmediocreteachingevaluations. Facedwithadatasetthatwasinconsistent with my view of reality, I did what analysts usually do – I formulated a theory why the data were misleading. Here is how I thought about it. Two aspects of the course – content and amu- ment – drive numerical course evaluations. If you rank courses by the average of the content score and the amusement score, then the component that can be measured most accurately will determine the ranking. Do you understand why? It is what - eraging does: it eliminates the noise. Suppose, for example, that a student cannot tell anything about the content, and the content score is simply a random number, varying from student to student. Those random numbers will average out across students to about the same number for each course. As the average course content score is about the same for every course, it is the amusement score that will drive the rankings.
On the Dynamics of Economic Growth
| Author | : Mr.Michael Sarel |
| Publisher | : International Monetary Fund |
| Total Pages | : 34 |
| Release | : 1994-11-01 |
| Genre | : Business & Economics |
| ISBN | : 1451855958 |
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This paper examines the dynamics of economic growth. First, it demonstrates that the standard neoclassical growth model with constant elasticity of intertemporal substitution is not consistent with the patterns of development we observe in the real world, once we consider the initial conditions. Second, it examines an alternative growth model, which is consistent with endogenously determined initial conditions and also generates dynamics that are in accord with the historical patterns of growth rates, capital flows, savings rates and labor supply. The alternative model is a generalized version of the neoclassical growth model, with increasing rates of intertemporal substitution due to a Stone-Geary type of utility.
Economic Growth in Theory and Practice
| Author | : R. Sundrum |
| Publisher | : Springer |
| Total Pages | : 311 |
| Release | : 1990-08-06 |
| Genre | : Business & Economics |
| ISBN | : 0230376819 |
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The book describes the practical process of economic growth both in developed and less developed countries, and presents a unified theory of growth from the earliest stages to the most advanced. Central to the theory is the structural transformation which is associated with the growth process. This structural transformation is used to explain the logistic pattern that economic growth has followed in the real world. Within this logistic pattern, growth performance is explained both in terms of supply factors and demand factors, and the interaction between them. The influence of inflation and income distribution on economic growth is also discussed.
Economic Development Patterns, Inflations, and Distributions
| Author | : Byung Ok Lim |
| Publisher | : Routledge |
| Total Pages | : 232 |
| Release | : 2018-10-29 |
| Genre | : Business & Economics |
| ISBN | : 0429767307 |
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The focal point of this study, first published in 1991, is to investigate the effect of growth patterns on inflation and the distribution of income through inductive examination of the particular experiences in Korea and Taiwan. Both countries are regarded as models of successful industrialization, but contrast significantly in the matter of their development strategy yielding a more equitable distribution of income, along with a moderate inflation from the benefits of economic growth. Korea experienced considerable rates of inflation and a worsening of the distribution of income, while Taiwan avoided both economic evils. This book analyses how Taiwan’s economy managed to reconcile growth with inflation and distribution and why Korea could not achieve similar performance.
Specialization and Trade
| Author | : Arnold Kling |
| Publisher | : Cato Institute |
| Total Pages | : 223 |
| Release | : 2016-06-14 |
| Genre | : Business & Economics |
| ISBN | : 1944424164 |
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Since the end of the second World War, economics professors and classroom textbooks have been telling us that the economy is one big machine that can be effectively regulated by economic experts and tuned by government agencies like the Federal Reserve Board. It turns out they were wrong. Their equations do not hold up. Their policies have not produced the promised results. Their interpretations of economic events -- as reported by the media -- are often of-the-mark, and unconvincing. A key alternative to the one big machine mindset is to recognize how the economy is instead an evolutionary system, with constantly-changing patterns of specialization and trade. This book introduces you to this powerful approach for understanding economic performance. By putting specialization at the center of economic analysis, Arnold Kling provides you with new ways to think about issues like sustainability, financial instability, job creation, and inflation. In short, he removes stiff, narrow perspectives and instead provides a full, multi-dimensional perspective on a continually evolving system.
Lectures On Economic Growth (oip)
| Author | : Robert E. Lucas |
| Publisher | : |
| Total Pages | : 204 |
| Release | : 2003-09-01 |
| Genre | : |
| ISBN | : 9780195667967 |
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Demand, Complexity, and Long-Run Economic Evolution
| Author | : Andreas Chai |
| Publisher | : Springer |
| Total Pages | : 189 |
| Release | : 2019-05-11 |
| Genre | : Business & Economics |
| ISBN | : 3030024237 |
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The purpose of this contributed volume is to consider how global consumption patterns will develop in the next few decades, and what the consequences of that development will be for the economy, policymakers, and society at large. In the long run, the extent to which economic growth translates into better living conditions strongly depends on how rising affluence and new technologies shape consumer preferences. The ongoing rise in household income in developing countries raises some important questions: Will consumption patterns always continue to expand in the same manner as we have witnessed in the previous two centuries? If not, how might things evolve differently? And what implications would such changes hold for not only our understanding of consumption behavior but also our pursuit of more sustainable societies?
Economic Growth, second edition
| Author | : Robert J. Barro |
| Publisher | : MIT Press |
| Total Pages | : 676 |
| Release | : 2003-10-10 |
| Genre | : Business & Economics |
| ISBN | : 9780262025539 |
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The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.
