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| Author | : Richard L. Bertrand |
| Publisher | : Nova Science Publishers |
| Total Pages | : 297 |
| Release | : 2011 |
| Genre | : Economic development |
| ISBN | : 9781622571178 |
| Author | : Oded Galor |
| Publisher | : Princeton University Press |
| Total Pages | : 344 |
| Release | : 2011-04-11 |
| Genre | : Business & Economics |
| ISBN | : 140083886X |
For most of the vast span of human history, economic growth was all but nonexistent. Then, about two centuries ago, some nations began to emerge from this epoch of economic stagnation, experiencing sustained economic growth that led to significant increases in standards of living and profoundly altered the level and distribution of wealth, population, education, and health across the globe. The question ever since has been--why? This is the first book to put forward a unified theory of economic growth that accounts for the entire growth process, from the dawn of civilization to today. Oded Galor, who founded the field of unified growth theory, identifies the historical and prehistorical forces behind the differential transition timing from stagnation to growth and the emergence of income disparity around the world. Galor shows how the interaction between technological progress and population ultimately raised the importance of education in coping with the rapidly changing technological environment, brought about significant reduction in fertility rates, and enabled some economies to devote greater resources toward a steady increase in per capita income, paving the way for sustained economic growth. Presents a unified theory of economic growth from the dawn of civilization to today Explains the worldwide disparities in living standards and population we see today Provides a comprehensive overview of the three phases of the development process Analyzes the Malthusian theory and its empirical support Examines theories of demographic transition and their empirical significance Explores the interaction between economic development and human evolution
| Author | : Bert Frank Hoselitz |
| Publisher | : |
| Total Pages | : 360 |
| Release | : 1961 |
| Genre | : Business & Economics |
| ISBN | : |
"Papers ... of a seminar held at Dartmouth College in July and August of 1956." Includes bibliographical references. Mercantilist and physiocratic growth theory, by J.J. Spengler.--Adam Smith and David Ricardo on economic growth, by J.M. Letiche.--The theory of economic growth in the English classical school, by E. McKinley.--John Stuart Mill on economic development, by J.J. Spengler.--Toward a theory of economic growth: the neoclassical contribution, by J. Buttrick.--Theories of stages of economic growth, by B.F. Hoselitz.--Contemporary theorizing on economic growth, by H.J. Bruton.
| Author | : Dr Stanislaw Gomulka |
| Publisher | : Routledge |
| Total Pages | : 263 |
| Release | : 2006-12-05 |
| Genre | : Business & Economics |
| ISBN | : 1134940696 |
In this wide ranging exposition of the various economic theories of technological change, Stanislaw Gomulka relates them to rates of growth experienced by different economies in both the short and the long term. Analysis of countries as diverse as Japan, the Soviet Union and the United Kingdom demonstrates that there is an interdependence between technological change and the institutional and cultural characteristics of different countries, which can have a profound effect on their rates of growth. All of the major, relevant models are discussed, including those of Kuznets and Phelps, but throughout the emphasis is on the creation of a unified theoretical framework to help explain the impact of technological progress on both a micro and a macro scale.
| Author | : Neri Salvadori |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 838 |
| Release | : 2003 |
| Genre | : Economic development |
| ISBN | : |
This is a collection of work on the theory of economic growth, from a classical perspective.
| Author | : James M. Cypher |
| Publisher | : Routledge |
| Total Pages | : 633 |
| Release | : 2002-01-31 |
| Genre | : Business & Economics |
| ISBN | : 1134836619 |
First published in 2002. Routledge is an imprint of Taylor & Francis, an informa company.
| Author | : Blair Fix |
| Publisher | : Springer |
| Total Pages | : 129 |
| Release | : 2014-12-09 |
| Genre | : Business & Economics |
| ISBN | : 3319128264 |
Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can become decoupled from energy consumption; 2) economic distribution is unrelated to growth; 3) large institutions are not important for growth; and 4) labor force structure is not important for growth. Drawing on a wide range of data from the economic history of the United States, this book tests the validity of these assumptions and finds no empirical support. Instead, connections are found between the growth in energy consumption and such disparate phenomena as economic redistribution, corporate employment concentration, and changing labor force structure. The integration of energy into an economic growth model has the potential to offer insight into the future effects of fossil fuel depletion on key macroeconomic indicators, which is already manifested in stalled or diminished growth and escalating debt in many national economies. This book argues for an alternative, biophysical perspective to the study of growth, and presents a set of "stylized facts" that such an approach must successfully explain. Aspects of biophysical analysis are combined with differential monetary analysis to arrive at a unique empirical methodology for investigating the elements and dependencies of the economic growth process.
| Author | : W. Arthur Lewis |
| Publisher | : Routledge |
| Total Pages | : 434 |
| Release | : 2013-05-13 |
| Genre | : Business & Economics |
| ISBN | : 1135033498 |
a landmark in the contemporary approach to economics"The Observer "it is as good a book as its most obvious predecessors in the genre: Smith's Wealth of Nations and Marshall's Industry and the Trade"Times Educational Supplement Setting out the problems to be solved if mankind is to be freed from poverty, Theory of Economic Growth embraces the disciplines of economics, history, sociology, politics and anthropology in its coverage. Focussing on output and growth (rather than distribution and consumption) the book discusses economic institutions, knowledge, capital, population, resources and government, and their role in the growth of output per head of population.
| Author | : Frank Hahn |
| Publisher | : Springer |
| Total Pages | : 307 |
| Release | : 2016-01-06 |
| Genre | : Business & Economics |
| ISBN | : 1349262706 |
This collection offers a stimulating and insightful overview of the main issues affecting long-term economic growth. The novelty of this book is that it brings together two strands of economic literature, growth and development theories. The communication between different approaches is crucial as it is increasingly understood that growth hinges upon institutional and policy aspects that are generally neglected in the stylized models of growth but highly relevant for developing countries. Government policies and institution design become central to the explanation of divergent growth paths.
| Author | : Alfred Greiner |
| Publisher | : Princeton University Press |
| Total Pages | : 205 |
| Release | : 2016-06-28 |
| Genre | : Business & Economics |
| ISBN | : 1400880157 |
In economics, the emergence of New Growth Theory in recent decades has directed attention to an old and important problem: what are the forces of economic growth and how can public policy enhance them? This book examines major forces of growth--including spillover effects and externalities, education and formation of human capital, knowledge creation through deliberate research efforts, and public infrastructure investment. Unique in emphasizing the importance of different forces for particular stages of development, it offers wide-ranging policy implications in the process. The authors critically examine recently developed endogenous growth models, study the dynamic implications of modified models, and test the models empirically with modern time series methods that avoid the perils of heterogeneity in cross-country studies. Their empirical analyses, undertaken with newly constructed time series data for the United States and some core countries of the Euro zone, show that models containing scale effects, such as the R&D model and the human capital model, are compatible with time series evidence only after considerable modifications and nonlinearities are introduced. They also explore the relationship between growth and inequality, with particular focus on technological change and income disparity. The Forces of Economic Growth represents a comprehensive and up-to-date empirical time series perspective on the New Growth Theory.
