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Author : David Andolfatto
Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (271 download)
Download or read book Endogenous Technological Change, Growth, and Aggregate Functions written by David Andolfatto and published by . This book was released on 1993 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Philippe Aghion
Publisher : MIT Press
ISBN 13 : 9780262011662
Total Pages : 720 pages
Book Rating : 4.0/5 (116 download)
Download or read book Endogenous Growth Theory written by Philippe Aghion and published by MIT Press. This book was released on 1998 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Problems and solutions by Cecilia Garcâia-Peänalosa in collaboration with Jan Boone, Chol-Won Li, and Lucy White." Includes bibliographical references (p. [665]-687) and index.
Author : Jesus Felipe
Publisher : Edward Elgar Publishing
ISBN 13 : 1782549684
Total Pages : 400 pages
Book Rating : 4.7/5 (825 download)
Download or read book The Aggregate Production Function and the Measurement of Technical Change written by Jesus Felipe and published by Edward Elgar Publishing. This book was released on 2013-10-31 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.
Author : Jakub Growiec
Publisher : Presses univ. de Louvain
ISBN 13 : 9782874630859
Total Pages : 192 pages
Book Rating : 4.6/5 (38 download)
Download or read book Essays on Technological Progress and Economic Growth written by Jakub Growiec and published by Presses univ. de Louvain. This book was released on 2007 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis covers a broad range of topics in the general area of economic growth theory and economics of technological change. It is primarily about the ultimate sources of growth and its ultimate limitations. We scrutinize the implications of several specifications of long-run growth “engines” found in the theoretical literature and put forward their generalizations and extensions. At the highest level of generality, we provide a formal proof that balanced (i.e. exponential) growth requires knife-edge assumptions which cannot be satisfied by typical values of model parameters. This result implies that at least one such knife-edge assumption must be made if a given model is supposed to deliver balanced growth over the long run. Next, we deal with the issue of resource-based limits to long-run growth. We propose to promote technological progress which would improve the substitutability between non-renewable and renewable resources: if the elasticity of substitution between the two kinds of resources exceeds unity, production will not fall down to zero even after the non-renewable resources will have been completely depleted. Another question asked is whether it is plausible that R&D-based growth, fueled by steady increases in the world’s population, can be extended into indefinite time. We answer this question by introducing endogenous fertility choice, with population entering the utility functional multiplicatively, into an R&D-based semi-endogenous growth model. The next issue addressed here are the idea-based microfoundations of aggregate production functions. We discuss the correspondence between the shape of production functions, the direction of technical change, and the possibility of sustained endogenous growth. A broad class of production functions, nesting both the Cobb-Douglas and the CES function, is derived. Finally, we discuss the impact of the heterogeneity of innovations on long-run economic dynamics: we augment the semi-endogenous growth model with a distinction between radical and incremental innovations. Total R&D output is assumed to depend on technological opportunity which is depleted by incremental innovations but renewed by radical innovations. The dynamic interplay of the arrivals of the two types of innovations is shown to give rise to transitional oscillations.
Author : Dr Stanislaw Gomulka
Publisher : Routledge
ISBN 13 : 1134940696
Total Pages : 263 pages
Book Rating : 4.1/5 (349 download)
Download or read book The Theory of Technological Change and Economic Growth written by Dr Stanislaw Gomulka and published by Routledge. This book was released on 2006-12-05 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Werner Smolny
Publisher : Springer Science & Business Media
ISBN 13 : 3642576966
Total Pages : 283 pages
Book Rating : 4.6/5 (425 download)
Download or read book Endogenous Innovations and Knowledge Spillovers written by Werner Smolny and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent development of endogenous growth theories has renewed the in terest into the sources of productivity growth of the advanced industrialized economies. The basic advance of these models is that the evolution of tech nological progress is explained endogeneously within the economic model. The most important concept is the idea of endogenous, market-driven inno vations which are seen as the basic source of technological advances. Firms develop sophisticated production techniques and new products in order to reduce costs or to stimulate demand. Equally important is the concept of knowledge spillovers from innovation activities and scale economies associ ated with them. External effects drive a wedge between private and social re turns of innovation activities, and scale economies affect the market structure. In addition, each year's productivity increases exhibit an enormous social value. Therefore, the analysis of endogenous innovations, scale economies, and knowledge spillovers has important implications for economic policy which enhances the interest into empirical investigations of these issues. This book is a collection of theoretical and empirical work on this subject. It combines micro economic and macroeconomic issues; a special emphasis is placed on empirical applications. Much work has been devoted to the search and the preparation of appropriate data, and all models are estimated with panel data. The first two chapters take an aggregate view at the growth process.
Author : Robert J. Barro
Publisher : MIT Press
ISBN 13 : 0262304112
Total Pages : 673 pages
Book Rating : 4.2/5 (623 download)
Download or read book Economic Growth, second edition written by Robert J. Barro and published by MIT Press. This book was released on 2003-10-10 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Gene M. Grossman
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)
Download or read book Endogenous Innovation in the Theory of Growth written by Gene M. Grossman and published by . This book was released on 1993 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth'. Then we discuss the empirical evidence that bears on the modeling of long-run growth. Finally, we describe in more detail a model of growth based on endogenous technological progress and discuss the lessons that such models can teach us.
Author : Gregory Clark
Publisher : Princeton University Press
ISBN 13 : 1400827817
Total Pages : 433 pages
Book Rating : 4.4/5 (8 download)
Download or read book A Farewell to Alms written by Gregory Clark and published by Princeton University Press. This book was released on 2008-12-29 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are some parts of the world so rich and others so poor? Why did the Industrial Revolution--and the unprecedented economic growth that came with it--occur in eighteenth-century England, and not at some other time, or in some other place? Why didn't industrialization make the whole world rich--and why did it make large parts of the world even poorer? In A Farewell to Alms, Gregory Clark tackles these profound questions and suggests a new and provocative way in which culture--not exploitation, geography, or resources--explains the wealth, and the poverty, of nations. Countering the prevailing theory that the Industrial Revolution was sparked by the sudden development of stable political, legal, and economic institutions in seventeenth-century Europe, Clark shows that such institutions existed long before industrialization. He argues instead that these institutions gradually led to deep cultural changes by encouraging people to abandon hunter-gatherer instincts-violence, impatience, and economy of effort-and adopt economic habits-hard work, rationality, and education. The problem, Clark says, is that only societies that have long histories of settlement and security seem to develop the cultural characteristics and effective workforces that enable economic growth. For the many societies that have not enjoyed long periods of stability, industrialization has not been a blessing. Clark also dissects the notion, championed by Jared Diamond in Guns, Germs, and Steel, that natural endowments such as geography account for differences in the wealth of nations. A brilliant and sobering challenge to the idea that poor societies can be economically developed through outside intervention, A Farewell to Alms may change the way global economic history is understood.
Author : Frank Hahn
Publisher : Springer
ISBN 13 : 1349262706
Total Pages : 307 pages
Book Rating : 4.3/5 (492 download)
Download or read book New Theories in Growth and Development written by Frank Hahn and published by Springer. This book was released on 2016-01-06 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Zoltán J. Ács
Publisher : Edward Elgar Publishing
ISBN 13 : 1843766930
Total Pages : 262 pages
Book Rating : 4.8/5 (437 download)
Download or read book Innovation and the Growth of Cities written by Zoltán J. Ács and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zoltan Acs explores the relationship between industrial innovation and economic growth at regional level and reaches conclusions as to why some regions grow and others decline. The book focuses on innovation and the growth of cities by the use of endogenous growth theory.
Author : Bart Verspagen
Publisher :
ISBN 13 :
Total Pages : 324 pages
Book Rating : 4.3/5 (91 download)
Download or read book Uneven Growth Between Interdependent Economies written by Bart Verspagen and published by . This book was released on 1993 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Aubrey White Bogle
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.:/5 (311 download)
Download or read book An Examination of the Solow Type Aggregate Production Function Growth Model Incorporating Technological Change written by Aubrey White Bogle and published by . This book was released on 1971 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Renelt
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4./5 ( download)
Download or read book Economic growth : a review of the theoretical and empirical literature written by David Renelt and published by World Bank Publications. This book was released on 1991 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some countries have achieved rapid growth rates and caught up with wealthier countries while others have achieved little or no growth. Efforts to determine the reasons for these differences are an important theoretical and empirical task.
Author : Philippe Aghion
Publisher : Elsevier
ISBN 13 : 0444520414
Total Pages : 1139 pages
Book Rating : 4.4/5 (445 download)
Download or read book Handbook of Economic Growth written by Philippe Aghion and published by Elsevier. This book was released on 2005-12-21 with total page 1139 pages. Available in PDF, EPUB and Kindle. Book excerpt: Featuring survey articles by leading economists working on growth theory, this two-volume set covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms. It also covers technology, trade and geography, and growth and socio-economic development.
Author : Neri Salvadori
Publisher : Edward Elgar Publishing
ISBN 13 : 9781845428167
Total Pages : 344 pages
Book Rating : 4.4/5 (281 download)
Download or read book Innovation, Unemployment, and Policy in the Theories of Growth and Distribution written by Neri Salvadori and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will appeal to upper level students, scholars and researchers of economics and economic growth as well as those more specifically involved in labour, microeconomics and the history of economic thought.
Author : Richard G. Lipsey
Publisher : OUP Oxford
ISBN 13 : 9780191558092
Total Pages : 636 pages
Book Rating : 4.5/5 (58 download)
Download or read book Economic Transformations written by Richard G. Lipsey and published by OUP Oxford. This book was released on 2005-11-03 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the long term economic growth that has raised the West's material living standards to levels undreamed of by counterparts in any previous time or place. The authors argue that this growth has been driven by technological revolutions that have periodically transformed the West's economic, social and political landscape over the last 10,000 years and allowed the West to become, until recently, the world's only dominant technological force. Unique in the diversity of the analytical techniques used, the book begins with a discussion of the causes and consequences of economic growth and technological change. The authors argue that long term economic growth is largely driven by pervasive technologies now known as General Purpose (GPTs). They establish an alternative to the standard growth models that use an aggregate production function and then introduce the concept of GPTs, complete with a study of how these technologies have transformed the West since the Neolithic Agricultural Revolution. Early modern science is given more importance than in most other treatments and the 19th century demographic revolution is studied with a combination of formal models of population dynamics and historical analysis. The authors argue that once sustained growth was established in the West, formal models can shed much light on its subsequent behaviour. They build non-conventional, dynamic, non-stationary equilibrium models of GPT-driven growth that incorporate a range of phenomena that their historical studies show to be important but which are excluded from other GPT models in the interests of analytical tractability. The book concludes with a study of the policy implications that follow from their unique approach.
