Economic Growth

ISBN 13:
9780321416629
ISBN 10:
0321416627
Edition: 2nd
Format: Paperback
Copyright: 02/29/2008
Publisher: Prentice Hall
Newer Edition

Note: Not guaranteed to come with supplemental materials (access cards, study guides, lab manuals, CDs, etc.)

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Summary

Why are some countries rich and others poor? David N. Weil, one of the top researchers in economic growth, introduces students to the latest theoretical tools, data, and insights underlying this pivotal question. By showing how empirical data relate to new and old theoretical ideas,Economic Growth , 2/eprovides readers with a complete introduction to the discipline and the latest research.Overview:The Facts to Be Explained; A Framework for Analysis.Factor Accumulation:Physical Capital; Population and Economic Growth; Future Population Trends; Human Capital.Productivity:Measuring Productivity; The Role of Technology in Growth; The Cutting Edge of Technology; Efficiency; Growth in the Open Economy.Fundamentals:Government; Income Inequality; Culture; Geography, Climate, and Natural Resources; Resources and the Environment at the Global Level.Conclusion:What We Have Learned and Where We are Headed.For all readers interested in economic growth, economic development, macro theory, applied econometrics, and development studies.

Overview
The Facts to Be Explained Differences in the Level of Income
Among Countries Differences in the Rate of Income
Growth Among Countries
Appendix: Measuring and Comparing GDP
Using Purchasing Power Parity Problems
A Framework for Analysis
The Economics of Sylvania and Freedonia: A Parable From Parable to Practice
What Can We Learn from Data?
Factor Accumulation
Physical Capital
The Nature of Capital Capital s Role in Production
The Solow Model
The Relationship Between Investment and Saving Appendix: Further Exploration of the Cobb-Douglas
Production Function and the Speed of Convergence in the Solow Model
Population and Economic
Growth Population and Output over the Long Run Population
Growth in the Solow Model
Explaining Population
Growth Explaining the Fertility Transition
Appendix: A More Formal Description of the Total Fertility Rate
Life Expectancy, and Net Rate of Reproduction
Future Population Trends Forecasting Population
The Economic Consequences of Demographic Change
Human Capital Human Capital in the Form of Health Human Capital in the Form of Education
How Much of the Variation in Income
Across Countries Does Education Explain?
Productivity
Measuring Productivity Productivity in the Production Function
Differences in the Level of Productivity
Among Countries Differences in the Growth
Rate of Productivity Among Countries
The Role of Technology in Growth
The Nature of Technological
Progress Modeling the Relationship
Between Technology Creation and Growth
Barriers to International Technology
Transfer Mathematical Appendix?
Incorporating Technological Progress into the Solow Mode?
Steady State
The Effect of a Change in Technology Growth
The Cutting Edge of Technology
The Pace of Technological Change
The Technology Production Function
Differential Technological Progress
Mathematical Appendix: An Improved Version of the Technology Production Function
Efficiency Decomposing
Productivity into Technology and Efficiency
Differences in Efficiency: Case Studies
Types of Inefficiency Mathematical
Appendix: Sectoral Reallocation and the Growth
Rate of Aggregate Productivity
Growth in the Open Economy
Autarky Versus Openness
The Effect of Openness on Economic Growth
Openness and Factor Accumulation
Openness and Productivity Opposition to Openness
Fundamentals
Government Defining Government s
Proper Role in the Economy
How Government Affects Growth
Why Governments Do Things
That Are Bad for Growth Why Poor Countries
Have Bad Governments
Income Inequality Income Inequality: The Facts Sources of Income Inequality
Effect of Income Inequality on Economic Growth
Beyond Income Distribution: Economic Mobility
Culture The Effect of Culture on Economic
Growth What Determines Culture?
Cultural Change
Geography, Climate, and Natural Resources
Geography Climate Natural Resources
Resources and the Environment at the Global
Level Natural Resource Concepts Incorporating
Natural Resources into the Analysis of Economic Growth
Growth and the Environment Mathematical
Appendix: Technological Improvement
Versus Resource Depletion
Conclusion
What We Have Learned and Where We Are Headed
What We Have Learned
What the Future Holds
A Final Thought
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