The Causes Of Economic Growth

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The Causes of Economic Growth

Author : Rick Szostak
Publisher : Springer Science & Business Media
Page : 381 pages
File Size : 48,6 Mb
Release : 2009-03-02
Category : Business & Economics
ISBN : 9783540922827

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The Causes of Economic Growth by Rick Szostak Pdf

What are the causes of economic growth? As billions of people still live in poverty, this is perhaps the most important question in human science. It is also a very complex one, as rates of economic growth are influenced by a multitude of economic as well as political, geographical and sociological factors. This books attempts to advance a nuanced understanding of the process of economic growth by synthesizing the insights of several social science disciplines. Different theories and methods employed by economists and other social scientists to study the causes of economic growth are analyzed and it is shown how and why those insights should be integrated by applying best-practice techniques of interdisciplinary analysis. Scholars and practitioners are thus provided with a wide array of potential strategies for encouraging growth as well as guidance on how these strategies may interact.

Economic Growth and Distribution

Author : Neri Salvadori
Publisher : Edward Elgar Publishing
Page : 458 pages
File Size : 43,8 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 1781008213

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Economic Growth and Distribution by Neri Salvadori Pdf

Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian-Kaleckian-Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; the role on institutions.

On the Causes of Economic Growth

Author : Carlos Sabillon
Publisher : Algora Publishing
Page : 340 pages
File Size : 55,9 Mb
Release : 2008
Category : Business & Economics
ISBN : 9780875865904

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On the Causes of Economic Growth by Carlos Sabillon Pdf

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.

Measuring Economic Growth and Productivity

Author : Barbara Fraumeni
Publisher : Academic Press
Page : 554 pages
File Size : 51,9 Mb
Release : 2019-11-08
Category : Business & Economics
ISBN : 9780128175972

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Measuring Economic Growth and Productivity by Barbara Fraumeni Pdf

Measuring Economic Growth and Productivity: Foundations, KLEMS Production Models, and Extensions presents new insights into the causes, mechanisms and results of growth in national and regional accounts. It demonstrates the versatility and usefulness of the KLEMS databases, which generate internationally comparable industry-level data on outputs, inputs and productivity. By rethinking economic development beyond existing measurements, the book's contributors align the measurement of growth and productivity to contemporary global challenges, addressing the need for measurements as well as the Gross Domestic Product. All contributors in this foundational volume are recognized experts in their fields, all inspired by the path-breaking research of Dale W. Jorgenson. Demonstrates how an approach based on sources of economic growth (KLEMS – capital, labor, energy, materials and services) can be used to analyze economic growth and productivity Includes examples covering the G7, E7, EU, Latin America, Norway, China, Taiwan, Japan, Korea, India and other South Asian countries Examines the effects of digital, information, communication and integrated technologies on national and regional economies

Economic Growth

Author : Edward A. Hudson
Publisher : Vernon Press
Page : 611 pages
File Size : 55,7 Mb
Release : 2020-10-06
Category : Business & Economics
ISBN : 9781622739721

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Economic Growth by Edward A. Hudson Pdf

How does economic growth work? Beginning with the history of leading countries over the past 2000 years, Economic Growth finds which countries have achieved sustained growth and how they did it. The effects of growth are examined on a human scale. The benefits of growth are enormous in terms of life, health, education, leisure and opportunity, while the downsides can be managed by appropriate policies. Economic Growth develops a new theory of growth. This new theory is based on careful analysis of actual growth; it covers the causes and mechanisms as well as the results of growth. This new theory extends conventional theory by operating at the industry level and by placing demand considerations at the forefront of growth. Demand growth – based on product innovation, marketing, credit and the consumer society – drives the economy forward while supply growth – based on investment and process innovation – sustains the growth in spending and incomes. Growth is not automatic but, in the right conditions, demand and supply expansion work together to generate sustained growth. Economic Growth offers a new view of growth, unique in its combination of historical depth, intellectual clarity and practical relevance. Its original insights will interest academic and professional economists, while its comprehensive treatment and lucid explanations make it an excellent guidebook for anyone interested in economic growth.

Wage-Led Growth

Author : Engelbert Stockhammer
Publisher : Springer
Page : 329 pages
File Size : 41,7 Mb
Release : 2013-12-03
Category : Business & Economics
ISBN : 9781137357939

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Wage-Led Growth by Engelbert Stockhammer Pdf

This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

The Future of Productivity

Author : OECD
Publisher : OECD Publishing
Page : 120 pages
File Size : 40,5 Mb
Release : 2015-12-11
Category : Electronic
ISBN : 9789264248533

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The Future of Productivity by OECD Pdf

This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining business start-ups, knowledge diffusion and resource allocation (such as barriers to up-scaling and relatively high rates of skill mismatch).

Introduction to Modern Economic Growth

Author : Daron Acemoglu
Publisher : Princeton University Press
Page : 1008 pages
File Size : 40,8 Mb
Release : 2008-12-15
Category : Business & Economics
ISBN : 9781400835775

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Introduction to Modern Economic Growth by Daron Acemoglu Pdf

Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: http://press.princeton.edu/titles/8970.html. For Professors only: To access a complete solutions manual online, email us at: [email protected]

Sharp Instrument: A Stab at Identifying the Causes of Economic Growth

Author : Reda Cherif,Fuad Hasanov,Lichen Wang
Publisher : International Monetary Fund
Page : 24 pages
File Size : 55,6 Mb
Release : 2018-05-21
Category : Business & Economics
ISBN : 9781484357170

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Sharp Instrument: A Stab at Identifying the Causes of Economic Growth by Reda Cherif,Fuad Hasanov,Lichen Wang Pdf

We shed new light on the determinants of growth by tackling the blunt and weak instrument problems in the empirical growth literature. As an instrument for each endogenous variable, we propose average values of the same variable in neighboring countries. This method has the advantage of producing variable-specific and time-varying—namely, “sharp”—and strong instruments. We find that export sophistication is the only robust determinant of growth among standard growth determinants such as human capital, trade, financial development, and institutions. Our results suggest that other growth determinants may be important to the extent they help improve export sophistication.

The Determinants of Economic Growth

Author : Maaike S. Oosterbaan,Thijs de Ruyter van Steveninck,Nico van der Windt
Publisher : Springer Science & Business Media
Page : 290 pages
File Size : 44,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461544838

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The Determinants of Economic Growth by Maaike S. Oosterbaan,Thijs de Ruyter van Steveninck,Nico van der Windt Pdf

Determinants of economic growth: An overview Thijs de Ruyter van Steveninck, Nico van der Windt, and Maaike Oosterbaan Netherlands Economic Institute What causes economic growth? Why have some countries grown much faster than others? Why do some countries not grow at all, or even experience negative (per capita) growth rates? What can governments do to raise the growth rates of their country? These questions were discussed at a conference on March 23 and 24, 1998, organized by the Netherlands Economic Institute (NEI) on behalf of the Netherlands Ministry of Foreign Affairs. This book contains the proceedings of the conference. Economic growth is widely considered as a necessary (though not sufficient) condition for poverty alleviation. During the past two decades, scholars and researchers have found a renewed interest in thinking about economic growth, and advances in the understanding of economic growth have taken place. On the one hand, the theoretical understanding of growth has progressed on various fronts, including endogenous technological innovation and increasing returns to scale; the interaction of population, fertility, human capital, and growth; international spill-overs in technology and capital accumulation; and the role of institutions. On the other hand, the increasing availability and use of data sets has given a large incentive to empirical research on cross-country growth, following the path-breaking work ofBarro (1991).

Economic Growth

Author : Philip Arestis,Michelle Baddeley,J. S. L. McCombie
Publisher : Edward Elgar Publishing
Page : 344 pages
File Size : 44,9 Mb
Release : 2007-01-01
Category : Business & Economics
ISBN : 1847205216

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Economic Growth by Philip Arestis,Michelle Baddeley,J. S. L. McCombie Pdf

Focuses on the nature, causes and features of economic growth across a range of countries and regions. This title covers a variety of growth related topics - from theoretical analyses of economic growth in general to empirical analyses of growth in the OECD, transition economies and developing economies. This enlightening and significant new volume focuses on the nature, causes and features of economic growth across a wide range of countries and regions. Covering a variety of growth related topics - from theoretical analyses of economic growth in general to empirical analyses of growth in the OECD, transition economies and developing economies - the distinguished cast of contributors address some of the most important contemporary issues and developments in the field. These include, amongst others: endogenous growth theory, Keynesian theories of the business cycle and growth, unemployment and growth, FDI and productivity spillovers, and knowledge externalities and growth. This useful analysis of the many facets of economic growth will be an essential read for those interested in economic theory and economic policy-making, as well as students and scholars of macroeconomics and finance.

Long-Run Economic Growth

Author : Steven Durlauf,John F. Helliwell,Baldev Raj
Publisher : Springer Science & Business Media
Page : 204 pages
File Size : 46,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642612114

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Long-Run Economic Growth by Steven Durlauf,John F. Helliwell,Baldev Raj Pdf

One of the most enduring questions in economics involves how a nation could accelerate the pace of its economic development. One of the most enduring answers to this question is to promote exports -either because doing so directly influences development via encouraging production of goods for export, or because export promotion permits accumulation of foreign exchange which permits importation of high-quality goods and services, which can in turn be used to expand the nation's production possibilities. In either case, growth is said to be export-led; the latter case is the so-called "two-gap" hypothesis (McKinnon, 1964; Findlay, 1973). The early work on export-led growth consisted of static cross-country com parisons (Michaely, 1977; Balassa, 1978; Tyler, 1981; Kormendi and Meguire, 1985). These studies generally concluded that there is strong evidence in favour of export-led growth because export growth and income growth are highly correlated. However, Kravis pointed out in 1970 that the question is an essen tially dynamic one: as he put it, are exports the handmaiden or the engine of growth? To make this determination one needs to look at time series to see whether or not exports are driving income. This approach has been taken in a number of papers (Jung and Marshall, 1985; Chow, 1987; Serletis, 1992; Kunst and Marin, 1989; Marin, 1992; Afxentiou and Serletis, 1991), designed to assess whether or not individual countries exhibit statistically significant evidence of export-led growth using Granger causality tests.

The Sources of Economic Growth in OECD Countries

Author : OECD
Publisher : OECD Publishing
Page : 248 pages
File Size : 54,5 Mb
Release : 2003-02-25
Category : Electronic
ISBN : 9789264199460

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The Sources of Economic Growth in OECD Countries by OECD Pdf

This publication examines the causes of the divergence in growth across the OECD.

Causes of Growth and Stagnation in the World Economy

Author : Nicholas Kaldor
Publisher : Cambridge University Press
Page : 247 pages
File Size : 55,9 Mb
Release : 1996-04-26
Category : Business & Economics
ISBN : 9780521561600

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Causes of Growth and Stagnation in the World Economy by Nicholas Kaldor Pdf

In this series of five lectures, Professor Kaldor explores the dynamic forces that govern the growth rate of individual countries and also the growth of the world economy as a closed system. In the first lecture he highlights what he regards as the deficiencies of the Walrasian general equilibrium theory for understanding the process of change in dynamic capitalist economies. In the second lecture he proceeds to an analysis of alternative approaches to growth theory from the classics through Marx to Keynes. In the third lecture an innovative and elegant two-sector model is presented of the interaction between the primary producing sector and industrial sector of the world economy which highlights the importance of an equilibrium terms of trade for maximising the growth of output for the world economy as a whole. In the fourth lecture, the role of foreign trade and the balance of payments is used in the explanation of intercountry growth performance. Finally, in the fifth lecture, Professor Kaldor discusses contemporary economic problems in the world economy. The lectures are followed by an extensive discussion, with contributions from distinguished Italian economists.

Thinking about Growth

Author : Moses Abramovitz
Publisher : Cambridge University Press
Page : 398 pages
File Size : 55,5 Mb
Release : 1989-04-28
Category : Business & Economics
ISBN : 9780521333962

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Thinking about Growth by Moses Abramovitz Pdf

The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of how economists now view the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changed nature of industries and occupations. Professor Abramovitz asks why elevated incomes failed to bring the social progress and personal satisfaction that people had looked for. The final chapters in the book take up the causes of our discontent and consider whether the Welfare State has itself become an obstacle to further economic progress.The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of how economists now view the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changed nature of industries and occupations. Professor Abramovitz asks why elevated incomes failed to bring the social progress and personal satisfaction that people had looked for. The final chapters in the book take up the causes of our discontent and consider whether the Welfare State has itself become an obstacle to further economic progress.