FREE SHIPPING BOTH WAYS
ON EVERY ORDER!
LIST PRICE:
$146.47

Sorry, this item is currently unavailable.

Economic Growth

ISBN: 9780201680263 | 0201680262
Edition: 2nd
Format: Hardcover
Publisher: Addison Wesley
Pub. Date: 1/1/2009

Why Rent from Knetbooks?

Because Knetbooks knows college students. Our rental program is designed to save you time and money. Whether you need a textbook for a semester, quarter or even a summer session, we have an option for you. Simply select a rental period, enter your information and your book will be on its way!

Top 5 reasons to order all your textbooks from Knetbooks:

  • We have the lowest prices on thousands of popular textbooks
  • Free shipping both ways on ALL orders
  • Most orders ship within 48 hours
  • Need your book longer than expected? Extending your rental is simple
  • Our customer support team is always here to help
SummaryTable of Contents
Written by David N. Weil of Brown University, one of the top researchers in the field, this textbook is intended for undergraduate courses in economic growth, and it also will be of interest to instructors teaching courses on economic development and intermediate macroeconomics. In essence, the book examines the interesting question of why some countries are rich and some are poorwhy they differ in their levels of income and their rates of economic growth. The book is richly empirical and it features authoritative, up-to-date coverage reflecting the most important findings of contemporary research. Engagingly written, it presents a wealth of colorful examples, details, and anecdotes.
... MORE
PART I Overview1(46)
CHAPTER 1 The Facts to Be Explained
2(26)
1.1 Differences in the Level of Income Among Countries
5(4)
Box: Total GDP Versus GDP per Capita
7(2)
1.2 Differences in the Rate of Income Growth Among Countries
9(11)
Growth's Effect on the Level of Income
9(4)
Box: Working with Growth Rohs
10(3)
Growth During the Last 40 Years
13(3)
Box: Growth Versus Business Cycles
14 (2)
Growth Since 1820
16(1)
Growth Before 1820
16(16)
Box: Income Inequality Between and Withing Countries
18(2)
1.3 Conclusion
20(4)
Appendix: Measuring and Comparing GDP Using Purchasing Power Parity
24(4)
CHAPTER 2 A Framework for Analysis
28(19)
2.1 The Economics of Sylvania and Freedonia: A Parable
29(3)
2.2 From Parable to Practice
32(5)
The Production Function
33(2)
From Income Levels to Growth Rates
35(2)
2.3 What Can We Learn from Data?
37(4)
Scatter Plots and Correlations
38(3)
2.4 Conclusion
41(7)
Box: Learning from Historical Data
42(5)
PART II Factor Accumulation47(134)
CHAPTER 3 Physical Capital
48(35)
3.1 The Nature of Capital
50(1)
3.2 Capital's Role in Production
51(5)
Using a Production Function to Analyze Capital's Role
52(2)
Factor Payments and Factor Shares
54(2)
Box: Capital's Share of National Income
56(1)
3.3 The Solow Model
56(13)
Determination of Capital per Worker
57(3)
Box: The Rise and Fall of Capital
58(1)
Box: Measuring Change over Time
59(1)
Steady States
60(4)
Box: Steady Shate: A Non-economic Example
62(2)
The Solow Model as a Theory of Income Differences
64(3)
The Solow Model as a Theory of Relative Growth Rates
67(2)
3.4 The Relationship Between Investment and Saving
69(6)
Explaining the Saving Rate: Exogenous Versus Endogenous Factors
71(1)
The Effect of Income on Saving
72(3)
Box: Government Policy and the Saving Rate
73(2)
3.5 Conclusion
75(5)
Box: The Rise and Fall of Capital Revisited
76(4)
Appendix: Further Exploration of the Cobb-Douglas Production Function and the Speed of Convergence in the Solow Model
80(3)
CHAPTER 4 Population and Economic Growth
83(41)
4.1 Population and Output over the Long Run
85(9)
Population over the Long Run
85(1)
The Malthusian Model
86(7)
Box: The Power of Population
87(6)
The Breakdown of the Malthusian Model
93(1)
4.2 Population Growth in the Solow Model
94(5)
Population Growth and Capital Dilution
95 (1)
A Quantitative Analysis
96(3)
4.3 Explaining Population Growth
99(8)
Mortality Transition
100(2)
Explaining the Mortality Transition
102 (1)
Fertility Transition
102(2)
The Interaction of Fertility and Mortality
104(3)
4.4 Explaining the Fertility Transition
107(8)
Reduced Fertility: The Means
107(4)
Box: Family-Planning Programs and Their Effects
109(2)
Reduced Fertility: The Motives
111 (15)
The Effect of Mortality Reduction
111 (1)
Income and Substitution Effects
112 (1)
Resource Flows Between Parents and Children
113(1)
Quantity-Quality Trade-Offs
114(1)
4.5 Conclusion
115(4)
Appendix: A More Formal Description of the Total Fertility Rate, Life Expectancy, and Net Rate of Reproduction
119(5)
CHAPTER 5 Future Population Trends
124 (29)
5.1 Forecasting Population
126(12)
Forecasting Mortality
128 (1)
Box: AIDS in Africa
129 (1)
Forecasting Fertility
129(1)
Fertility in the Rich Countries
130(5)
Box: The Tempo Effect
132(1)
Fertility in Poor Countries
133(2)
Demographic Momentum
135(1)
Population in the Very Long Run
136(2)
Box: How Many People Can the Earth Support?
138(1)
5.2 The Economic Consequences of Demographic Change
138(11)
The Slowdown in Population Growth
139 (2)
Population Aging
141(5)
Redrawing the World Map
146(1)
Box: Going for the Gold
147(2)
5.3 Conclusion
149(4)
CHAPTER 6 Human Capital
153(28)
6.1 Human Capital in the Form of Health
154(7)
The Effect of Health Differences on Income
154(3)
Modeling the Interaction of Health and Income
157(4)
Box: Health and Income per Capita: Two Views
160(1)
6.2 Human Capital in the Form of Education
161(10)
Changes in the Level of Education 162 Education and Wages
163(1)
Human Capital's Share of Wages
164(7)
Box: The College Premium in. the United States
166(5)
6.3 How Much of the Variation in Income Across Countries Does Education Explain?
171(7)
A Quantitative Analysis of the Impact of Schooling Differences Among Countries
171(7)
The Quality of Schooling
176 (1)
Externalities
176 (2)
6.4 Conclusion
178(4)
Box: Human Perfectability and the Growth Slowdown
179(2)
PART III Productivity181(150)
CHAPTER 7 Measuring Productivity
182(23)
7.1 Productivity in the Production Function
183(3)
7.2 Differences in the Level of Productivity Among Countries
186(8)
Measuring Productivity Differences Among Countries
186(6)
Box: Problems with Measuring Capital-and Their Implications for Measuring Productivity
191(1)
The Contribution of Productivity to Income Differences Among Countries
192(2)
7.3 Differences in the Growth Rate of Productivity Among Countries
194(6)
Mathematical Extension: The Relative Importance of Productivity and Factor Accumulation
195(1)
Measuring Countries' Productivity Growth
195(2)
The Contribution of Productivity to Growth Differences Among Countries
197(3)
7.4 Conclusion
200(5)
Box: A Tale of Two Cities
201(4)
CHAPTER 8 The Role of Technology, in Growth
205(34)
8.1 The Nature of Technological Progress
206(6)
Technology Creation
207 (1)
Transfer of Technology
208 (1)
Determinants of R and D Spending
209(1)
Profit Considerations
209(2)
Box: Patents, Trade Secrets, and the Terminator Gene
210(1)
Creative Destruction
211(1)
8.2 Modeling the Relationship Between Technology Creation and Growth
212(13)
One-Country Model
212(5)
Box: International Technology Transfer
216 (1)
Two-Country Model
217(8)
8.3 Barriers to International Technology Transfer
225(4)
Appropriate Technology
225 (3)
Tacit Knowledge
228(1)
8.4 Conclusion
229(5)
Box: Embodied Technological Progress and Leapfrogging
230(4)
Mathematical Appendix: Incorporating Technological Progress into the Solow Model
234(5)
CHAPTER 9 The Cutting Edge of Technology
239(31)
9.1 The Pace-of Technological Change
240(9)
Technological Progress Before the 18th Century
241(3)
Box: Some Milestones of Technological Progress
242(2)
The Industrial Revolution
244(3)
Technological Progress Since the Industrial Revolution
247(2)
9.2 The Technology Production Function
249(8)
Box: General-Purpose Technologies
250(2)
The Relationship Between Technology Level and the Speed of Technological Progress
252(1)
Box: Science and Technology
253(1)
Decreasing Returns to Scale in Technology Production
253(1)
Implications for the Future of Technological Progress
254(3)
Box: Where Is the Cutting Edge of Technology?
256(1)
9.3 Differential Technological Progress
257(7)
Box: Predicting Technological Progress
258(2)
Differential Technological Progress: Two Theoretical Examples
260(1)
Example 1: Bread and Cheese
260 (1)
Example 2: Butter and Margarine
261 (1)
Conclusions from the Examples
261(1)
Technological Progress in the Real World: Goods Versus Services
262(1)
Technological Progress in the Real World: Information Technology
263(1)
9.4 Conclusion
264(4)
Mathematical Appendix: An Improved Version of the Technology Production Function
268(2)
CHAPTER 10 Efficiency
270(29)
10.1 Decomposing Productivity into Technology and Efficiency
271(4)
Analyzing Cross-Country Data
272(3)
10.2 Differences in Efficiency: Case Studies
275(6)
Central Planning in the Soviet Union
275 (2)
Textiles in 1910
277(1)
Cross-Country Differences in Productivity by Industry
278(2)
Subsurface Coal Mining in the United States, 1949-1994
280(1)
10.3 Types of Inefficiency
281(12)
Unproductive Activities
282 (1)
Idle Resources
283(1)
Misallocation of Factors Among Sectors
284 (5)
Barriers to Mobility
287(1)
Wages Not Equal to Marginal Product
287 (1)
Efficiency Gains from Sectoral Reallocation
288(1)
Misallocation of Factors Among Firms
289 (1)
Technology Blocking
290 (3)
10.4 Conclusion
293(4)
Mathematical Appendix: Sectoral Reallocation and the Growth Rate of Aggregate Productivity
297(2)
Chapter 11 Growth in the Open Economy
299(32)
11.1 Autarky Versus Openness
300 (7)
Measuring Output in an Open Economy
301 (1)
Globalization: The Facts
302(1)
Globalization: The Causes
303(4)
Transport Costs
304(1)
Transmission of Information
305(1)
Box: Tariffs, Quotas, and Other Trade Restrictions
306(1)
Trade Policy
306(1)
11.2 The Effect of Openness on Economic Growth
307(5)
Growth in Open Versus Closed Economies
309(1)
How Changes in Openness Affect Growth
310(1)
The Effect of Geographical Barriers to Trade
311(1)
11.3 Openness and Factor Accumulation
312(5)
Growth with Capital Mobility
313 (2)
Assessing the Free-Capital-Flow Model
315(2)
11.4 Openness and Productivity
317 (6)
Trade as a Form of Technology
317(3)
Box: The Rise and Fall of Consolidated Alchemy
318(2)
Openness and Technological Progress
320 (1)
Openness and Efficiency
321(2)
11.5 Opposition to Openness
323(5)
Box: Anti-Globalization
325 (3)
11.6 Conclusion
328(3)
PART IV Fundamentals331(170)
CHAPTER 12 Government
332(32)
12.1 Defining Government's Proper Role in the Economy
336(3)
The Case for Government Intervention in the Economy
336(1)
The Case Against Government Intervention in the Economy
337(1)
Swings of the Pendulum
338(1)
12.2 How Government Affects Growth
339 (9)
Rule of Law
339(3)
Taxation, Efficiency, and the Size of Government
342(3)
Planning and Other Industrial Policies
345(3)
Box: The Other Path
346(1)
Box: Planning Is Not Always a Failure
347(1)
12.3 Why Governments Do Things That Are Bad for Growth
348(6)
Some Other Goal
349(1)
Corruption and Kleptocracy
349 (2)
Self-Preservation
351(3)
Box: Government Regulation: Helping Hand or Grabbing Hand?
352(2)
12.4 Why Poor Countries Have Bad Governments
354(6)
Causation Running from Income to Government Quality
354(2)
Causation Running from Government Quality to Income
356(9)
Box: Democracy and Economic Growth
358(2)
12.5 Conclusion
360 (4)
CHAPTER 13 Income Inequality
364(36)
13.1 Income Inequality: The Facts
365(9)
Using the Gini Coefficient to Measure Income Inequality
366(3)
The Kuznets Hypothesis
369(5)
Box: Is Growth Good for the Poor?
372(2)
13.2 Sources of Income Inequality
374(8)
Explaining the Recent Rise in Income Inequality
380(2)
Technological Advances
380 (1)
Increases in International Trade
381 (1)
"Superstar" Dynamic
381(1)
13.3 The Effect of Income Inequality on Economic Growth
382(12)
Effect on the Accumulation of Physical Capital
382(1)
Effect on the Accumulation of Human Capital
383(3)
Income Inequality, Income Redistribution, and Efficiency
386(4)
Sociopolitical Unrest in Response to Income Inequality
390(1)
Empirical Evidence
391(3)
13.4 Beyond Income Distribution: Economic Mobility
394(3)
13.5 Conclusion
397(3)
CHAPTER 14 Culture
400(31)
14.1 The Effect of Culture on Economic Growth
401(15)
Openness to New Ideas
402(1)
Hard Work
403(2)
Saving for the Future
405(1)
Trust
406(2)
Box: Pitfalls of Cultural Explanations for Economic Growth
407(1)
Social Capital
408(3)
Box: Importance of Social Capital at the Village Level
411(1)
Social Capability
411(5)
Box: Changes in Appropriate Culture
414(2)
14.2 What Determines Culture?
416(6)
Climate and Natural Resources
416(1)
Cultural Homogeneity and Social Capital
417(3)
Population Density and Social Capability
420(2)
14.3 Cultural Change
422(5)
Box: Determinants of Cooperation: An Experimental Approach
423(1)
Economic Growth and Cultural Change
423(2)
Government Policy and Cultural Change
425(2)
14.4 Conclusion
427(4)
CHAPTER 15 Geography, Climate and Natural Resources
431(31)
15.1 Geography
432(9)
Location, Trade, and Growth
433(2)
Geographic Concentration and Spillovers
435(6)
Box: Guns, Germs, and Geography
436(2)
Geography's Effect on Government
438 (3)
15.2 Climate
441(8)
Climate and Agricultural Productivity
443 (2)
Climate and Disease
445(3)
Climate and Human Effort
448(1)
15.3 Natural Resources
449(8)
The Relationship Between Natural Resources and Growth
450(2)
Explanations for the Resource Curse
452 (5)
Overconsumption
453(1)
Dynamics of Industrialization
453(2)
Politics
455(2)
15.4 Conclusion
457(5)
Box: Resources and Early Industrial Development: The Case of Coal
458(4)
CHAPTER 16 Resources and the Environment at the Global Level
462(39)
16.1 Natural Resource Concepts
463 (9)
Nonrenewable Resources
463 (3)
Renewable Resources
466(2)
Property Rights over Resources
468 (2)
Resources and Production
470(2)
16.2 Incorporating Natural Resources Into the Analysis of Economic Growth
472(14)
Revising National Accounts
473 (1)
Box: Resource Disasters
474 (3)
Resource Prices
477(4)
Box: The Bet
481(1)
Why Resource Limitations Do Not Prevent Economic Growth
481(5)
Substitution
482(1)
Box: Resource-Saving Technologies
484 (1)
Technological Progress
485(1)
16.3 Growth did the Environment
486 (9)
The Environmental Kuznets Curve 487 Global Warming
489(1)
Box: The Environmental Kuznets Curve in London
490(3)
Prediction of Future Warming
493(1)
Must Prevention of Global Warming End Economic Growth?
494(1)
16.4 Conclusion
495(3)
Mathematical Appendix: Technological Improvement Versus Resource Depletion
498(3)
PART V Conclusion501(12)
CHAPTER 17 What We Have Learned and Where We Are Headed
502(11)
17.1 What We Have Learned
502(4)
Factor Accumulation
503 (1)
Productivity
503(2)
Technology
504(1)
Efficiency
504(1)
Fundamentals
505(1)
17.2 What the Future Holds
506(6)
What Will Happen to the World Income Distribution?
507(1)
Will Technological Progress Continue Apace?
507(4)
Box: Will Growth Make Us Happy?
508(3)
What Is the Future of World Demographics?
511(1)
Will Global Economic Integration Continue?
511(1)
Will Shortages of Natural Resources Constrain Economic Growth?
512(1)
17.3 A Final Thought
512(1)
References513 (14)
Glossary527 (6)
Index533(14)
Credits547

Related Products


  • Economic Growth
    Economic Growth
  • Economic Growth
    Economic Growth
  • Outlines and Highlights for Economic Growth by David N Weil, Isbn : 9780321416629
    Outlines and Highlights for Ec...


Please wait while this item is added to your cart...