Towards A Microeconomics Of Growth

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The Economics of Growth

Author : Philippe Aghion
Publisher : MIT Press
ISBN 13 : 0262553104
Total Pages : 519 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis The Economics of Growth by : Philippe Aghion

Download or read book The Economics of Growth written by Philippe Aghion and published by MIT Press. This book was released on 2024-09-17 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive, rigorous, and up-to-date introduction to growth economics that presents all the major growth paradigms and shows how they can be used to analyze the growth process and growth policy design. This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory; the reader need not master all the subtleties of dynamic programming and stochastic processes to learn what is essential about such issues as cross-country convergence, the effects of financial development on growth, and the consequences of globalization. The book, which grew out of courses taught by the authors at Harvard and Brown universities, can be used both by advanced undergraduate and graduate students, and as a reference for professional economists in government or international financial organizations. The Economics of Growth first presents the main growth paradigms: the neoclassical model, the AK model, Romer's product variety model, and the Schumpeterian model. The text then builds on the main paradigms to shed light on the dynamic process of growth and development, discussing such topics as club convergence, directed technical change, the transition from Malthusian stagnation to sustained growth, general purpose technologies, and the recent debate over institutions versus human capital as the primary factor in cross-country income differences. Finally, the book focuses on growth policies—analyzing the effects of liberalizing market competition and entry, education policy, trade liberalization, environmental and resource constraints, and stabilization policy—and the methodology of growth policy design. All chapters include literature reviews and problem sets. An appendix covers basic concepts of econometrics.

Toward a Microeconomics of Growth

Author : Robin Burgess
Publisher :
ISBN 13 :
Total Pages : 98 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Toward a Microeconomics of Growth by : Robin Burgess

Download or read book Toward a Microeconomics of Growth written by Robin Burgess and published by . This book was released on 2004 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Towards a Microeconomics of Growth

Author : Robin Burgess
Publisher :
ISBN 13 : 9780780370050
Total Pages : 50 pages
Book Rating : 4.3/5 (7 download)

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Book Synopsis Towards a Microeconomics of Growth by : Robin Burgess

Download or read book Towards a Microeconomics of Growth written by Robin Burgess and published by . This book was released on 2004 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Development Microeconomics

Author : Pranab K. Bardhan
Publisher : Oxford University Press, USA
ISBN 13 : 0198773714
Total Pages : 251 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Development Microeconomics by : Pranab K. Bardhan

Download or read book Development Microeconomics written by Pranab K. Bardhan and published by Oxford University Press, USA. This book was released on 1999 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining a broad spectrum of topics in development economics, this text combines the strength of conventional developmental thought with the insights of contemporary mainstream economics.

On the Reappraisal of Microeconomics

Author : Robert U. Ayres
Publisher : Edward Elgar Publishing
ISBN 13 : 1845427947
Total Pages : 215 pages
Book Rating : 4.8/5 (454 download)

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Book Synopsis On the Reappraisal of Microeconomics by : Robert U. Ayres

Download or read book On the Reappraisal of Microeconomics written by Robert U. Ayres and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers an alternative approach that overcomes most of the objections to orthodox theory, whilst offering some additional advantages.

The Knowledge Capital of Nations

Author : Eric A. Hanushek
Publisher : MIT Press
ISBN 13 : 026254895X
Total Pages : 275 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis The Knowledge Capital of Nations by : Eric A. Hanushek

Download or read book The Knowledge Capital of Nations written by Eric A. Hanushek and published by MIT Press. This book was released on 2023-08-15 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rigorous, pathbreaking analysis demonstrating that a country's prosperity is directly related in the long run to the skills of its population. In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann argue that message has become distorted, with politicians and researchers concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school provides a very misleading picture of how skills enter into development. Hanushek and Woessmann contend that the cognitive skills of the population—which they term the “knowledge capital” of a nation—are essential to long-run prosperity. Hanushek and Woessmann subject their hypotheses about the relationship between cognitive skills (as consistently measured by international student assessments) and economic growth to a series of tests, including alternate specifications, different subsets of countries, and econometric analysis of causal interpretations. They find that their main results are remarkably robust, and equally applicable to developing and developed countries. They demonstrate, for example, that the “Latin American growth puzzle” and the “East Asian miracle” can be explained by these regions' knowledge capital. Turning to the policy implications of their argument, they call for an education system that develops effective accountability, promotes choice and competition, and provides direct rewards for good performance.

Economic Growth and Development

Author : Sibabrata Das
Publisher : Springer
ISBN 13 : 3319897551
Total Pages : 356 pages
Book Rating : 4.3/5 (198 download)

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Book Synopsis Economic Growth and Development by : Sibabrata Das

Download or read book Economic Growth and Development written by Sibabrata Das and published by Springer. This book was released on 2018-08-16 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined. Structural transformation, in which developing countries transition from traditional production in largely rural areas to modern production in largely urban areas, is an important causal force in creating early economic growth, and as such, is made central in this approach. Towards this end, the authors augment the Solow model to include endogenous theories of saving, fertility, human capital, institutional arrangements, and policy formation, creating a single two-sector model of structural transformation. Based on applied research and practical experiences in macroeconomic development, the model in this book presents a more rigorous, quantifiable, and explicitly dynamic dual economy approach to development. Common microeconomic foundations and notation are used throughout, with each chapter building on the previous material in a continuous flow. Revised and updated to include more exercises for guided self study, as well as a technical appendix covering required mathematical topics beyond calculus, the second edition is appropriate for both upper undergraduate and graduate students studying development economics and macroeconomics.

Introduction to Economic Growth

Author : Charles Irving Jones
Publisher : W. W. Norton
ISBN 13 : 9780393971743
Total Pages : 200 pages
Book Rating : 4.9/5 (717 download)

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Book Synopsis Introduction to Economic Growth by : Charles Irving Jones

Download or read book Introduction to Economic Growth written by Charles Irving Jones and published by W. W. Norton. This book was released on 1998 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining empirical evidence such as how rich are the rich countries, how poor are the poor, and how fast do rich and poor countries grow, noted economist Charles Jones presents major theories of economic growth, from the Nobel Prize-winning work of Robert Solow to new growth theory that has ignited the field in recent years.

Economics and Development Studies

Author : Michael Tribe
Publisher : Routledge
ISBN 13 : 1136938737
Total Pages : 397 pages
Book Rating : 4.1/5 (369 download)

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Book Synopsis Economics and Development Studies by : Michael Tribe

Download or read book Economics and Development Studies written by Michael Tribe and published by Routledge. This book was released on 2010-09-13 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: Development studies textbooks and courses have sometimes tended to avoid significant economic content. However, without an understanding of the economic aspects of international development many of the more complex issues cannot be fully comprehended. Economics and Development Studies makes the economic dimension of discourse around controversial issues in international development accessible to second and third year undergraduate students working towards degrees in development studies. Following an introductory chapter outlining the connections between development economics and development studies, this book consists of eight substantive chapters dealing with the nature of development economics, economic growth and structural change, economic growth and developing countries, economic growth and economic development since 1960, the global economy and the Third World, developing countries and international trade, economics and development policy, and poverty, equality and development economists, with a tenth concluding chapter. This book synthesizes existing development economics literature in order to identify the salient issues and controversies and make them accessible and understandable. The concern is to distinguish differences within the economics profession, and between economists and non-economists, so that the reader can make informed judgments about the sources of these differences, and about their impact on policy analysis and policy advice. The book features explanatory text boxes, tables and diagrams, suggestions for further reading, and a listing of the economic concepts used in the chapters.

Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth

Author : Kostis, Pantelis C.
Publisher : IGI Global
ISBN 13 : 1799849341
Total Pages : 340 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth by : Kostis, Pantelis C.

Download or read book Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth written by Kostis, Pantelis C. and published by IGI Global. This book was released on 2020-10-30 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades, the mainstream microeconomic and macroeconomic analysis was proven to be insufficient for exploring the dynamic and complex interactions among humans, institutions, and nature in our real economy. On the one side, microeconomics is filled with black-box models that fail to study the actual contractual relations between firms and markets, while on the other side macroeconomics were proven useless because they mistook the beauty of theoretical models for truth. Thus, questions have arisen about using new theoretical and empirical structures that would better describe our economic systems. Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth is an essential reference source that analyzes the hypotheses that govern the relationships of aggregate structures (macroeconomic analysis) that may be compatible with the assumptions that govern the behavior of individuals, households, and firms (micro analysis), and vice versa, in trying to achieve sustainable economic development and growth. Moreover, modern evolutionary growth thinking is used in trying to bridge the inconsistencies between microeconomics and macroeconomics and confront their failures in order to better describe the economic reality. While highlighting a broad range of topics including globalization, economic systems, and the role of institutions, this book is aimed toward economic analysts, financial advisors, policymakers, researchers, academicians, and students.

Readings in Development Microeconomics

Author : Pranab K. Bardhan
Publisher : MIT Press
ISBN 13 : 9780262522830
Total Pages : 470 pages
Book Rating : 4.5/5 (228 download)

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Book Synopsis Readings in Development Microeconomics by : Pranab K. Bardhan

Download or read book Readings in Development Microeconomics written by Pranab K. Bardhan and published by MIT Press. This book was released on 2000 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume II of this two-volume set focuses on empirical work.

Toward a Microeconomics of Growth

Author : Robin Burgess
Publisher :
ISBN 13 :
Total Pages : 59 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Toward a Microeconomics of Growth by : Robin Burgess

Download or read book Toward a Microeconomics of Growth written by Robin Burgess and published by . This book was released on 2016 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: What drives growth at the microeconomic level? Burgess and Venables divide the factors that determine a location's growth performance into two groups, 1st advantage and 2nd advantage. The term 1st advantage refers to the conditions that provide the environment in which new activities can be profitably developed, including most of the factors on which traditional theory has focused, such as access to inputs (labor and capital), access to markets, provision of basic infrastructure, and the institutional environment. The term 2nd advantage refers to factors that increase returns to scale and can lead to cumulative causation processes. They may be acquired by learning, through technological spillovers, or by the development of thick markets of suppliers and local skills.The authors' analysis suggests that empirical investigation of the drivers of growth must shift down to a more microeconomic level. Such an analysis has become more feasible as data at the subnational level have become more available. By viewing recent empirical evidence on drivers of growth through their analytical framework, the authors are able to begin to sketch out a microeconomic agenda for growth. They emphasize that it is the manner in which 1st and 2nd advantages interact that shapes the pattern of development.The authors then turn to the example of how policy has affected manufacturing growth performance in India. They analyze links between the direction of state-level labor regulation and growth in the organized manufacturing sector, how state-led expansion of bank branches into rural areas has affected unregistered or informal manufacturing, and how the pre-reform technological capability of industries affected their response to liberalization in 1991.The analysis suggests that policy choices at the local level affect growth. Both theory and empirics need to downshift to the microeconomic level if we are to make advances in identifying specific means of encouraging innovation and growth.This paper is a product of Partnerships, Capacity Building, Development Economics Senior Vice Presidency.

Poor Economics

Author : Abhijit V. Banerjee
Publisher : PublicAffairs
ISBN 13 : 1610391608
Total Pages : 321 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis Poor Economics by : Abhijit V. Banerjee

Download or read book Poor Economics written by Abhijit V. Banerjee and published by PublicAffairs. This book was released on 2012-03-27 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.

Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth

Author : Pantelis Kostis
Publisher :
ISBN 13 : 9781799856641
Total Pages : pages
Book Rating : 4.8/5 (566 download)

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Book Synopsis Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth by : Pantelis Kostis

Download or read book Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth written by Pantelis Kostis and published by . This book was released on 2020-10 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book contains research on bridging the inconsistencies between microeconomics and macroeconomics and their effects on economic development and growth"--

Handbook of Economic Growth

Author : Philippe Aghion
Publisher : Elsevier
ISBN 13 : 0444520430
Total Pages : 839 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Economic Growth by : Philippe Aghion

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 839 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.

Toward a Microeconomics of Growth

Author : Robin Burgess
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Toward a Microeconomics of Growth by : Robin Burgess

Download or read book Toward a Microeconomics of Growth written by Robin Burgess and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: What drives growth at the microeconomic level? The authors divide the factors that determine a location's growth performance into two groups, "1st advantage" and "2nd advantage." The term 1st advantage refers to the conditions that provide the environment in which new activities can be profitably developed, including most of the factors on which traditional theory has focused, such as access to inputs (labor and capital), access to markets, provision of basic infrastructure, and the institutional environment. The term 2nd advantage refers to factors that increase returns to scale and can lead to cumulative causation processes. They may be acquired by learning, through technological spillovers, or by the development of thick markets of suppliers and local skills. The authors' analysis suggests that empirical investigation of the drivers of growth must shift down to a more microeconomic level. Such an analysis has become more feasible as data at the subnational level have become more available. By viewing recent empirical evidence on drivers of growth through their analytical framework, the authors are able to begin to sketch out a microeconomic agenda for growth. They emphasize that it is the manner in which 1st and 2nd advantages interact that shapes the pattern of development. The authors then turn to the example of how policy has affected manufacturing growth performance in India. They analyze links between the direction of state-level labor regulation and growth in the organized manufacturing sector, how state-led expansion of bank branches into rural areas has affected unregistered or informal manufacturing, and how the pre-reform technological capability of industries affected their response to liberalization in 1991. The analysis suggests that policy choices at the local level affect growth. Both theory and empirics need to downshift to the microeconomic level if we are to make advances in identifying specific means of encouraging innovation and growth.

The Elusive Quest for Growth

Author : William R. Easterly
Publisher : MIT Press
ISBN 13 : 0262260654
Total Pages : 443 pages
Book Rating : 4.2/5 (622 download)

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Book Synopsis The Elusive Quest for Growth by : William R. Easterly

Download or read book The Elusive Quest for Growth written by William R. Easterly and published by MIT Press. This book was released on 2002-08-02 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why economists' attempts to help poorer countries improve their economic well-being have failed. Since the end of World War II, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of reforms. None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work. In this book Easterly shows how these solutions all violate the basic principle of economics, that people—private individuals and businesses, government officials, even aid donors—respond to incentives. Easterly first discusses the importance of growth. He then analyzes the development solutions that have failed. Finally, he suggests alternative approaches to the problem. Written in an accessible, at times irreverent, style, Easterly's book combines modern growth theory with anecdotes from his fieldwork for the World Bank.