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Author : Thomas Steger
Publisher : Unknown
Page : 168 pages
File Size : 42,7 Mb
Release : 2000-08-04
Category : Electronic
ISBN : 3642457851
Author : Peter E. Robertson
Publisher : Unknown
Page : 44 pages
File Size : 49,6 Mb
Release : 1997
Category : Developing countries
ISBN : IND:30000112266386
Author : Sergio Rebelo
Publisher : World Bank Publications
Page : 58 pages
File Size : 41,8 Mb
Release : 2024-06-29
Category : Electronic
ISBN : 8210379456XXX
Author : Stephen J. Turnovsky
Publisher : Cambridge University Press
Page : 254 pages
File Size : 50,9 Mb
Release : 2011-02-17
Category : Business & Economics
ISBN : 0521187524
Economic growth is an issue of primary concern to policy makers in both developed and developing economies. As a consequence, growth theory has long occupied a central role in economics. In this book, renowned growth theorist Stephen J. Turnovsky investigates the process of economic growth in a small open economy, showing that it is sensitive to the productive structure of the economy. The book comprises three parts, beginning with models where the only intertemporally viable equilibrium is one in which the economy is always on its balanced growth path. Empirical evidence suggests relatively slow speeds of convergence so the second part of the book looks at several alternative ways in which transitional dynamics may be introduced. In the third and final part, the author applies the growth model to the issue of foreign aid, focusing specifically on whether aid should be untied or tied to the accumulation of public capital.
Author : Robert J. Barro,Xavier I. Sala-I-Martin
Publisher : MIT Press
Page : 673 pages
File Size : 41,9 Mb
Release : 2003-10-10
Category : Business & Economics
ISBN : 9780262025539
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.
Author : Ivan Turok,David Bailey,Jennifer Clark,Jun Du,Ugo Fratesi,Michael Fritsch,John Harrison,Tom Kemeny,Dieter Kogler,Arnoud Lagendijk,Tomasz Mickiewicz,Ernest Miguelez,Stefano Usai,Fiona Wishlade
Publisher : Routledge
Page : 379 pages
File Size : 43,8 Mb
Release : 2018-10-18
Category : Business & Economics
ISBN : 9781351387781
At a time of extraordinary challenges confronting the world, this book analyses some of the profound changes occurring in the development of cities and regions. It discusses the uncertainties associated with the stalling of hyper-globalization and asks whether this creates opportunities for resurgent regional economies driven by local capabilities, resource efficiencies and domestic production. Theory and evidence on socio-economic and environmental transitions underway in many regions are brought together. Implications of the shifting balance of global power towards emerging economies in the East are explored, along with the consequences of urbanization in the global South for politics and democracy. Dilemmas surrounding migration are also discussed, including whether incomers displace local workers and depress wages, or bring benefits in the form of know-how, new technology and investment. More integrative concepts of the region and theories of regional development are analysed, recognising the role of human capital, knowledge, innovation, finance, infrastructure and institutions. This was originally published as a special issue of Regional Studies.
Author : Pierre-Richard Agénor,Blanca Moreno-Dodson
Publisher : World Bank Publications
Page : 59 pages
File Size : 45,7 Mb
Release : 2006
Category : Children
ISBN : 8210379456XXX
Abstract: This paper provides an overview of the various channels through which public infrastructure may affect growth. In addition to the conventional productivity, complementarity, and crowding-out effects typically emphasized in the literature, the impact of infrastructure on investment adjustment costs, the durability of private capital, and the production of health and education services are also highlighted. Effects on health and education are well documented in a number of microeconomic studies, but macroeconomists have only recently begun to study their implications for growth. Links between health, infrastructure, and growth are illustrated in an endogenous growth model with transitional dynamics, and the optimal allocation of public expenditure is discussed. The concluding section draws implications of the analysis for the design of strategies aimed at promoting growth and reducing poverty.
Author : Michael Bruno,Martin Ravallion,Lyn Squire
Publisher : World Bank Publications
Page : 40 pages
File Size : 53,5 Mb
Release : 1996
Category : Crecimiento - Paises en desarrollo
ISBN : 8210379456XXX
Author : Adam Szirmai
Publisher : Cambridge University Press
Page : 760 pages
File Size : 55,6 Mb
Release : 2005-01-20
Category : Business & Economics
ISBN : 0521817633
Why are poor countries poor and rich countries rich? How are wealth and poverty related to changes in nutrition, health, life expectancy, education, population growth and politics? This modern, non-technical 2005 introduction to development studies explores the dynamics of socio-economic development and stagnation in developing countries. Taking a quantitative and comparative approach to contemporary debates within their broader context, Szirmai examines historical, institutional, demographic, sociological, political and cultural factors. Key chapters focus on economic growth, technological change, industrialisation, agricultural development, and consider social dimensions such as population growth, health and education. Each chapter contains comparative statistics on trends from a sample of twenty-nine developing countries. This rich statistical database allows students to strengthen their understanding of comparative development experiences. Assuming no prior knowledge of economics the book is suited for use in inter-disciplinary development studies programmes as well as economics courses, and will also interest practitioners pursuing careers in developing countries.
Author : Pim Martens,Jan Rotmans
Publisher : Routledge
Page : 148 pages
File Size : 46,6 Mb
Release : 2021-06-09
Category : Nature
ISBN : 9781351407151
The Earth System may be the most complex entity that ever emerged in our galaxy and the contemporary process of 'globalisation' may be the most intricate dynamics that will ever pervade that entity: it is the interactive co-evolution of millions of technological, cultural, economic, social and environmental trends at all conceivable spatiotemporal scales that brings about the present fundamental transformation of humanity’s way of life. In this text the authors make the heroic effort to tame the complexity of modern planetary development by the intellectual concept of 'transition'. In this work, four major issues are discussed that are of global importance: developments related to two of our key natural resources; water and biodiversity; the health of human populations; and the developments related to global tourism.
Author : Sergio Rebelo
Publisher : World Bank Publications
Page : 60 pages
File Size : 43,5 Mb
Release : 1991
Category : Capital market
ISBN : UCSD:31822007737166
A simple modification of recent growth models eliminates the implausible implication that growth rates should be equalized in the presence of free international capital mobility and is consistent with evidence that points to low rates of savings in low income countries.
Author : E. Marelli,M. Signorelli
Publisher : Springer
Page : 314 pages
File Size : 47,6 Mb
Release : 2010-01-20
Category : Business & Economics
ISBN : 9780230277403
This book examines, theoretically and empirically, the key aspects and differences of economic growth. It provides a comprehensive investigation of the numerous features of development in transition countries, covering the last two decades, from the fall of the Berlin Wall in 1989 to the current financial crisis.
Author : Casey B. Mulligan,Xavier Sala-i-Martin
Publisher : Unknown
Page : 70 pages
File Size : 44,8 Mb
Release : 1992
Category : Capital
ISBN : UCSD:31822016663494
The steady state and transitional dynamics of two-sector models of endogenous growth are analyzed in this paper. We describe necessary conditions for endogenous growth. The conditions allow us to reduce the dynamics of the solution to a system with one state-like and two control-like variables. We analyze the determinants of the long run growth rate. We use the Time-Elimination Method to analyze the transitional dynamics of the models. We find that there are transitions in real time if the point-in-time production possibility frontier is strictly concave, which occurs, for example, if the two production functions are different or if there are decreasing point-in-time returns in any of the sectors. We also show that if the models have a transition in real time, the models are globally saddle path stable. We find that the wealth or consumption smoothing effect tends to dominate the substitution or real wage effect so that the transition from relatively low levels of physical capital is carried over through high work effort rather than high savings. We develop some empirical implications. We show that the models predict conditional convergence in that, in a cross section, the growth rate is predicted to be negatively related to initial income but only after some measure of human capital is held constant. Thus, the models are consistent with existing empirical cross country evidence.
Author : Andrés Solimano,Mario Gutiérrez
Publisher : United Nations Publications
Page : 35 pages
File Size : 40,9 Mb
Release : 2006
Category : Business & Economics
ISBN : 9211216044
"One of the controversies in growth analysis is the relative role of capital accumulation and productivity growth in driving output growth. As we interpret the evidence, discussed in this paper, part of the controversy on the role of capital accumulation in the growth process is due to the time span of the analysis (growth transitions versus steady states/long run growth). In fact, the empirical importance of various growth determinants will depend on what we want explain: long run growth, say growth over half a century or a century as different from growth dynamics over one or two decades. New evidence is showing that growth fluctuations at frequencies of a decade or so are very important part of the growth story for many developing countries. Growth is an irregular and volatile process in which the same country may experience shifts in growth regimes that can entail growth take-off and booms, stagnation and/or growth collapses. In this context, investment and savings become important variables whose determinants and dynamics we want to understand for designing public policies affecting positively the rate of economic growth."--authors' abstract
Author : Thomas Steger
Publisher : Springer Science & Business Media
Page : 161 pages
File Size : 50,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642457845
Four stylised facts of aggregate economic growth are set up initially. The growth process is interpreted to represent transitional dynamics rather than balanced-growth equilibria. Against this background, the fundamental importance of subsistence consumption is comprehensively analysed. Subsequently, the meaning of the productive-consumption hypothesis for the intertemporal consumption trade-off and the growth process is investigated. Finally, the process of growth is analysed empirically by means of cross-sectional conditional convergence regressions with endogenous control variables.
