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Exogenous Growth Theory
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Book Synopsis Economic Growth by : Alfonso Novales
Download or read book Economic Growth written by Alfonso Novales and published by Springer. This book was released on 2014-07-02 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a book on deterministic and stochastic Growth Theory and the computational methods needed to produce numerical solutions. Exogenous and endogenous growth models are thoroughly reviewed. Special attention is paid to the use of these models for fiscal and monetary policy analysis. Modern Business Cycle Theory, the New Keynesian Macroeconomics, the class of Dynamic Stochastic General Equilibrium models, can be all considered as special cases of models of economic growth, and they can be analyzed by the theoretical and numerical procedures provided in the textbook. Analytical discussions are presented in full detail. The book is self contained and it is designed so that the student advances in the theoretical and the computational issues in parallel. EXCEL and Matlab files are provided on an accompanying website (see Preface to the Second Edition) to illustrate theoretical results as well as to simulate the effects of economic policy interventions. The structure of these program files is described in "Numerical exercise"-type of sections, where the output of these programs is also interpreted. The second edition corrects a few typographical errors and improves some notation.
Book Synopsis Modern Growth Theory by : Dipankar Dasgupta
Download or read book Modern Growth Theory written by Dipankar Dasgupta and published by Oxford University Press. This book was released on 2010-10-18 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with Growth Theory, an important subject taught as a part of economic theory. Amongst other topics, it introduces the literature on growth and inequality as well as a major critique of growth economics by Charles Jones. These issues remained unaddressed in an earlier volume by the author, Growth Theory: Solow and His Modern Exponents (OUP 2005). Developed on the earlier work, the present volume focuses on: long run growth growth and infrastructure taxation policies for growth human capital formation a unified theoretical framework to help students travel from the world of old growth theory to modern growth theory intuitive as well as rigorous development of optimal control theory using undergraduate mathematical tools analysis of India's long term growth experience. For an interactive platform on updates and queries on the book and clarifications by the author, please visit the Discussion Forum: Modern Growth Theory, OUP, 2010 at this URL http:--economicsteaching.wordpress.com-2010-10-28-modern-growth-theory-
Book Synopsis Growth Theory by : Dipankar Dasgupta
Download or read book Growth Theory written by Dipankar Dasgupta and published by . This book was released on 2005 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This presentation of some recent advances in growth theory is motivated by two considerations. First, the works addressed by the book have not received uniform treatment in standard references. It presents a self-contained development of the subject matter including an exposition of the basic mathematics needed to study the subject. At the same time the different concepts are presented with reference to a common platform. Since economics students are exposed to the tools of supply and demand starting from the most elementary of courses, it is expected that they will readily grasp the message of modern growth theory when presented in this familiar language. A second consideration is the emphasis the book accords to the role played by externalities as in the case of most public goods where technological changes generate non-internalisable externalities which constitute one of the primary reasons for the failure of the competitive market system. The failures lead to a natural quest for policies to sustain efficient solutions with minimal interventions by the government.
Book Synopsis The Solow Model of Economic Growth by : Paweł Dykas
Download or read book The Solow Model of Economic Growth written by Paweł Dykas and published by Taylor & Francis. This book was released on 2022-10-21 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1956, Solow proposed a neoclassical growth model in opposition or as an alternative to Keynesian growth models. The Solow model of economic growth provided foundations for models embedded in the new theory of economic growth, known as the theory of endogenous growth, such as the renowned growth models developed by Paul M. Romer and Robert E. Lucas in the 1980s and 90s. The augmentations of the Solow model described in this book, excepting the Phelps golden rules of capital accumulation and the Mankiw-Romer-Weil and Nonneman-Vanhoudt models, were developed by the authors over the last two decades. The book identifies six spheres of interest in modern macroeconomic theory: the impact of fiscal and monetary policy on growth; the effect of different returns to scale on production; the influence of mobility of factors of production among different countries on their development; the effect of population dynamics on growth; the periodicity of investment rates and their influence on growth; and the effect of exogenous shocks in the form of an epidemic. For each of these issues, the authors construct and analyze an appropriate growth model that focuses on the description of the specific macroeconomic problem. This book not only continues the neoclassical tradition of thought in economics focused on quantitative economic change but also, and to a significant extent, discusses alternative approaches to certain questions of economic growth, utilizing conclusions that can be drawn from the Solow model. It is a useful tool in analyzing contemporary issues related to growth.
Book Synopsis Bridging the Gap Between Growth Theory and Policy in Asia: An Extension of the Solow Growth Model by : Singh, Rup
Download or read book Bridging the Gap Between Growth Theory and Policy in Asia: An Extension of the Solow Growth Model written by Singh, Rup and published by IGI Global. This book was released on 2014-03-31 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although economic growth is amongst the oldest of debates in Economics, there has been little advancement in growth theory since the classic works of Solow. As such, clear-cut answers to the context-specific determinants of growth, especially for developing countries, are rare. Bridging the Gap Between Growth Theory and Policy in Asia: An Extension of the Solow Growth Model adds to the works of Solow by showing how his original model can be extended and used for policy, discussing issues in growth econometrics, including the theoretical underpinnings of growth models, and some of the important challenges in empirical studies on economic growth. This simpler manual will be highly useful for applied economists, policy makers, and graduate students.
Book Synopsis Endogenous Growth Theory by : Philippe Aghion
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.
Book Synopsis Exogenous Growth Theory by : Jacobus Gijsbertus M. Marrewijk
Download or read book Exogenous Growth Theory written by Jacobus Gijsbertus M. Marrewijk and published by . This book was released on 1992 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Post Soviet Union Period. Exogenous Growth Theory in RUSSIA 1990-2013 by : Nosirjon Juraev
Download or read book Post Soviet Union Period. Exogenous Growth Theory in RUSSIA 1990-2013 written by Nosirjon Juraev and published by GRIN Verlag. This book was released on 2014-02-24 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2013 in the subject Economics - Economic Cycle and Growth, grade: 80, University of Westminster, course: BSc in Economics with Finance, language: English, abstract: The initial post-soviet union period has brought Russia a longest path towards expected economic growth, much of which are explained by external factors. The paper applies the neoclassical economic growth theory to the Russia’s economy during 1990-2013, explaining the importance of foreign oil price changes, inflow of migrants and its geostrategic location towards global trading - including arm sales to notorious North Korea and Iran - to its annual output growth. I also explained the relative correlations between domestic, internal variables, such as changes in legislation/tax reformations, savings and the growth rates achieved periodically for comparative reasons. Future forecasts approved that the growth has been stabilized in a near-term and will become increasingly more depended on the number of Central Asian and other area migrant workers as long as the negative spread between birth and death rates hold in the long-term. And investment in IT industry and attracting foreign hi-tech investments are highly recommended to increase the factor productivity and lessen the oil dependency in the long term. A regression results on the Cobb-Douglas production function also proved our findings by putting more prominence on labor and technology, as the abundance of natural resources, capital, barely reaches increasing returns to scale. I also found that the regression on constant GDP to the oil production and oil prices asserted that more than two third of variations in output could be the reflection of the variations in oil prices.
Book Synopsis The Forces of Economic Growth by : Alfred Greiner
Download or read book The Forces of Economic Growth written by Alfred Greiner and published by Princeton University Press. This book was released on 2016-06-28 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: In economics, the emergence of New Growth Theory in recent decades has directed attention to an old and important problem: what are the forces of economic growth and how can public policy enhance them? This book examines major forces of growth--including spillover effects and externalities, education and formation of human capital, knowledge creation through deliberate research efforts, and public infrastructure investment. Unique in emphasizing the importance of different forces for particular stages of development, it offers wide-ranging policy implications in the process. The authors critically examine recently developed endogenous growth models, study the dynamic implications of modified models, and test the models empirically with modern time series methods that avoid the perils of heterogeneity in cross-country studies. Their empirical analyses, undertaken with newly constructed time series data for the United States and some core countries of the Euro zone, show that models containing scale effects, such as the R&D model and the human capital model, are compatible with time series evidence only after considerable modifications and nonlinearities are introduced. They also explore the relationship between growth and inequality, with particular focus on technological change and income disparity. The Forces of Economic Growth represents a comprehensive and up-to-date empirical time series perspective on the New Growth Theory.
Book Synopsis Rethinking Economic Development, Growth, and Institutions by : Jaime Ros
Download or read book Rethinking Economic Development, Growth, and Institutions written by Jaime Ros and published by . This book was released on 2013-09 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the contributions that early development theory can make to growth economics in answering why some countries are richer than others and why some economies grow faster than others.
Download or read book Growth Theory written by Daniel Shore and published by Freegulls Publishing House. This book was released on with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth theory is a branch of economics that seeks to understand the mechanisms behind sustained economic growth and development. It emerged in response to the question of why some countries experience rapid and sustained increases in per capita income over time while others do not. One of the foundational models in growth theory is the Solow-Swan model, developed by Robert Solow and Trevor Swan in the 1950s. This model highlights the role of capital accumulation, labor force growth, and technological progress in driving economic growth. According to the Solow-Swan model, economies converge to a steady state level of output per capita, where the rate of growth is determined by exogenous factors such as technological progress. However, the Solow-Swan model faced criticisms for not adequately explaining the sources of technological progress and the role of human capital. This led to the development of endogenous growth theory, pioneered by economists like Paul Romer. Endogenous growth theory emphasizes the importance of factors such as research and development, human capital accumulation, and knowledge spillovers in driving long-term economic growth.
Download or read book Growth Theory written by Robert M. Solow and published by Oxford University Press, USA. This book was released on 2000 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exogenous growth: growing or originating from outside, a growth model that takes the rate of growth as a given (coming from the outside model). Endogenous growth: growing or originating from within, a growth model that explains the rate of growth from within the model itself.
Book Synopsis Exogenous Growth Theory by : Charles van Marrewijk
Download or read book Exogenous Growth Theory written by Charles van Marrewijk and published by . This book was released on 1992 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Determinants of Growth (General) and Regional Growth, Theory and Evidence by : Marco Alexander Caiza Andresen
Download or read book Determinants of Growth (General) and Regional Growth, Theory and Evidence written by Marco Alexander Caiza Andresen and published by GRIN Verlag. This book was released on 2007-07 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2006 in the subject Economics - Economic Cycle and Growth, grade: 1,7, University of Paderborn (Faculty of Economics, Business Administration and Business Computing ), course: Research and Independent Studies in International Economics, 71 entries in the bibliography, language: English, abstract: The aim of this term paper is to find out what causes economic growth through analyzing determinants of growth in general and of regional growth, both in theory and evidence. The question why some countries grow significantly slower than others has been discussed intensively over the last decades. By thorough study of literature the main determinants will be indicated and similarities and differences between general and regional growth become visible. After a short introduction, in the second chapter the main growth determinants will be presented individually for the general and the regional area, each time also an introduction to the extensive literature (theory and empirics) of the specific area will be given beforehand. In the last chapter a conclusion will be drawn and an answer given to the question on which are the key determinants by comparing them with each other and in how far the results do distinguish on general and regional level.
Book Synopsis Growth Theories in Light of the East Asian Experience by : Takatoshi Ito
Download or read book Growth Theories in Light of the East Asian Experience written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2007-12-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors to this volume analyze the growth experiences of Japan, Korea, China, Hong Kong, Singapore, and Taiwan in light of the recently developed endogenous growth theory to provide an understanding of the economic boom in East Asia. The theory explored in this volume attributes the phenomenal economic success of these countries to, among other factors, the role of an outward orientation—a focus on exporting rather than on protecting home markets. In addition, the importance of exchange rate behavior, of the supportive role of government policy, and of the accumulation and promotion of physical and human capital are explored in detail. This collection also examines the extent to which growth in each country became self-sustaining once it began. Demonstrating the relevance of endogenous growth theory for studying this important region, this fourth volume in the NBER-East Asia Seminar on Economics series will be of interest to observers of East Asian affairs.
Book Synopsis Economic growth : a review of the theoretical and empirical literature by : David Renelt
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.
Book Synopsis New Growth Theory by : Jatikumar Sengupta
Download or read book New Growth Theory written by Jatikumar Sengupta and published by Edward Elgar Publishing. This book was released on 1998 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Attempts to explain the process of long-run economic growth through endogenous forces such as human capital, knowledge spillover, and information technology. Reviews economic issues in new growth theory, and discusses its empirical evidence and usefulness in national policy making. Analyzes the dynamic and disequilibrium models as applied to recent international growth and discusses their policy implications, and empirically illustrates the various phases of growth in technology-intensive sectors such as flexible manufacturing and the semiconductor and telecommunications industries. Annotation copyrighted by Book News, Inc., Portland, OR
