Illuminating Economic Growth

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Illuminating Economic Growth

Author : Yingyao Hu
Publisher : International Monetary Fund
ISBN 13 : 1498310753
Total Pages : 57 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Illuminating Economic Growth by : Yingyao Hu

Download or read book Illuminating Economic Growth written by Yingyao Hu and published by International Monetary Fund. This book was released on 2019-04-09 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper seeks to illuminate the uncertainty in official GDP per capita measures using auxiliary data. Using satellite-recorded nighttime lights as an additional measurement of true GDP per capita, we provide a statistical framework, in which the error in official GDP per capita may depend on the country’s statistical capacity and the relationship between nighttime lights and true GDP per capita can be nonlinear and vary with geographic location. This paper uses recently developed results for measurement error models to identify and estimate the nonlinear relationship between nighttime lights and true GDP per capita and the nonparametric distribution of errors in official GDP per capita data. We then construct more precise and robust measures of GDP per capita using nighttime lights, official national accounts data, statistical capacity, and geographic locations. We find that GDP per capita measures are less precise for middle and low income countries and nighttime lights can play a bigger role in improving such measures.

Illuminating Economic Growth

Author : Yingyao Hu
Publisher : International Monetary Fund
ISBN 13 : 1498302947
Total Pages : 57 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Illuminating Economic Growth by : Yingyao Hu

Capitalism by Gaslight

Author : Brian P. Luskey
Publisher : University of Pennsylvania Press
ISBN 13 : 0812246896
Total Pages : 328 pages
Book Rating : 4.8/5 (122 download)

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Book Synopsis Capitalism by Gaslight by : Brian P. Luskey

Download or read book Capitalism by Gaslight written by Brian P. Luskey and published by University of Pennsylvania Press. This book was released on 2015-03-18 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: While elite merchants, financiers, shopkeepers, and customers were the most visible producers, consumers, and distributors of goods and capital in the nineteenth century, they were certainly not alone in shaping the economy. Lurking in the shadows of capitalism's past are those who made markets by navigating a range of new financial instruments, information systems, and modes of transactions: prostitutes, dealers in used goods, mock auctioneers, illegal slavers, traffickers in stolen horses, emigrant runners, pilfering dock workers, and other ordinary people who, through their transactions and lives, helped to make capitalism as much as it made them. Capitalism by Gaslight illuminates American economic history by emphasizing the significance of these markets and the cultural debates they provoked. These essays reveal that the rules of economic engagement were still being established in the nineteenth century: delineations between legal and illegal, moral and immoral, acceptable and unsuitable were far from clear. The contributors examine the fluid mobility and unstable value of people and goods, the shifting geographies and structures of commercial institutions, the blurred boundaries between legitimate and illegitimate economic activity, and the daily lives of men and women who participated creatively—and often subversively—in American commerce. With subjects ranging from women's studies and African American history to material and consumer culture, this compelling volume illustrates that when hidden forms of commerce are brought to light, they can become flashpoints revealing the tensions, fissures, and inequities inherent in capitalism itself. Contributors: Paul Erickson, Robert J. Gamble, Ellen Gruber Garvey, Corey Goettsch, Joshua R. Greenberg, Katie M. Hemphill, Craig B. Hollander, Brian P. Luskey, Will B. Mackintosh, Adam Mendelsohn, Brendan P. O'Malley, Michael D. Thompson, Wendy A. Woloson.

Economic Growth

Author : Edward A. Hudson
Publisher : Vernon Press
ISBN 13 : 1622739728
Total Pages : 611 pages
Book Rating : 4.6/5 (227 download)

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Book Synopsis Economic Growth by : Edward A. Hudson

Download or read book Economic Growth written by Edward A. Hudson and published by Vernon Press. This book was released on 2020-10-06 with total page 611 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does economic growth work? Beginning with the history of leading countries over the past 2000 years, Economic Growth finds which countries have achieved sustained growth and how they did it. The effects of growth are examined on a human scale. The benefits of growth are enormous in terms of life, health, education, leisure and opportunity, while the downsides can be managed by appropriate policies. Economic Growth develops a new theory of growth. This new theory is based on careful analysis of actual growth; it covers the causes and mechanisms as well as the results of growth. This new theory extends conventional theory by operating at the industry level and by placing demand considerations at the forefront of growth. Demand growth – based on product innovation, marketing, credit and the consumer society – drives the economy forward while supply growth – based on investment and process innovation – sustains the growth in spending and incomes. Growth is not automatic but, in the right conditions, demand and supply expansion work together to generate sustained growth. Economic Growth offers a new view of growth, unique in its combination of historical depth, intellectual clarity and practical relevance. Its original insights will interest academic and professional economists, while its comprehensive treatment and lucid explanations make it an excellent guidebook for anyone interested in economic growth.

How Growth Really Happens

Author : Michael Best
Publisher : Princeton University Press
ISBN 13 : 069122725X
Total Pages : 320 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis How Growth Really Happens by : Michael Best

Download or read book How Growth Really Happens written by Michael Best and published by Princeton University Press. This book was released on 2021-12-07 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Achieving economic growth is one of today's key challenges. In this groundbreaking book, Michael Best argues that to understand how successful growth happens we need an economic framework that focuses on production, governance, and skills. This production-centric framework is the culmination of three simultaneous journeys. The first has been Best's visits to hundreds of factories worldwide, starting early as the son of a labor organiser and continuing through his work as an academic and industrial consultant. The second is a survey of two hundred years of economic thought from Babbage to Krugman, with stops along the way for Marx, Marshall, Young, Penrose, Richardson, Schumpeter, Kuznets, Abramovitz, Keynes, and Jacobs. The third is a tour of historical episodes of successful and failed transformations, focusing sharply on three core elements -- the production system, business organisation, and skill formation -- and their interconnections. Best makes the case that government should create the institutional infrastructures needed to support these elements and their interconnections rather than subsidise individual enterprises.

The Productive Edge

Author : Richard Keith Lester
Publisher : W. W. Norton & Company
ISBN 13 : 9780393045741
Total Pages : 376 pages
Book Rating : 4.0/5 (457 download)

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Book Synopsis The Productive Edge by : Richard Keith Lester

Download or read book The Productive Edge written by Richard Keith Lester and published by W. W. Norton & Company. This book was released on 1998 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Case studies of U.S. industrial performance show how recent gains in productivity in key sectors can serve as models for renewed growth in the economy as a whole. In this illuminating book, a leading authority on this crucial issue searches five recent success stories for clues to shape a new national strategy for economic growth. Illustrations.

The Mismeasure of Progress

Author : Stephen J. Macekura
Publisher : University of Chicago Press
ISBN 13 : 022673644X
Total Pages : 325 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis The Mismeasure of Progress by : Stephen J. Macekura

Download or read book The Mismeasure of Progress written by Stephen J. Macekura and published by University of Chicago Press. This book was released on 2020-11-04 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few ideas in the past century have had wider financial, political, and governmental impact than that of economic growth. The common belief that endless economic growth, as measured by Gross Domestic Product, is not only possible but actually essential for the flourishing of civilization remains a powerful policy goal and aspiration for many. In The Mismeasure of Progress, Stephen J. Macekura exposes a historical road not taken, illuminating the stories of the activists, intellectuals, and other leaders who long argued that GDP growth was not all it was cracked up to be. Beginning with the rise of the growth paradigm in the 1940s and 1950s and continuing through the present day, The Mismeasure of Progress is the first book on the myriad thinkers who argued against growth and the conventional way progress had been measured and defined. For growth critics, questioning the meaning and measurement of growth was a necessary first step to creating a more just, equal, and sustainable world. These critics argued that focusing on growth alone would not resolve social, political, and environmental problems, and they put forth alternate methods for defining and measuring human progress. ?In today’s global political scene—marked by vast inequalities of power and wealth and made even more fraught by a global climate emergency—the ideas presented by these earlier critics of growth resonate more loudly than ever. Economic growth appealed to many political leaders because it allowed them to avoid addressing political trade-offs and class conflict. It sustained the fiction that humans are somehow separate from nonhuman “nature,” ignoring the intimate and dense connections between the two. In order to create a truly just and equitable society, Macekura argues, we need a clear understanding of our collective needs beyond growth and more holistic definitions of progress that transcend economic metrics like GDP.

Economic Development in Pacific Asia

Author : Hafiz Akhand
Publisher : Routledge
ISBN 13 : 1134441800
Total Pages : 196 pages
Book Rating : 4.1/5 (344 download)

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Book Synopsis Economic Development in Pacific Asia by : Hafiz Akhand

Download or read book Economic Development in Pacific Asia written by Hafiz Akhand and published by Routledge. This book was released on 2005-11-18 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the period 1965 to 1990 East Asia was the world’s fastest growing region. Economic Development in Pacific Asia provides illuminating, non-technical perspectives on key facets of the region’s economies. The text focuses on the eight countries which accounted for the majority of the economic growth: Japan, Hong Kong, Taiwan, Republic of Korea, Indonesia, Malaysia, Singapore and Thailand. Empirical evidence is used to provide a revealing, multi-dimensional statistical profile of the countries as well as the region as a whole. Rather than present a statistical history of each country, the text highlights the relative performance in terms of the variables which are studied within each chapter. Akhand and Gupta examine a range of popular topics including: the relative role of factors accumulation versus technology change factor price distribution and employment growth, poverty and income distribution the Asian Crisis and corruption. In addition, the book examines topics rarely covered in the current economics literature such as urbanization, the gender gap and the digital divide. It provides an accessible and wide ranging assessment of the existing evidence and current arguments on East Asian economic development, and is a valuable addition to economists, policy makers and those interested in Asian economic affairs.

The Butterfly Effect in China's Economic Growth

Author : Wei-Bin Zhang
Publisher :
ISBN 13 : 9789811598906
Total Pages : 0 pages
Book Rating : 4.5/5 (989 download)

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Book Synopsis The Butterfly Effect in China's Economic Growth by : Wei-Bin Zhang

Download or read book The Butterfly Effect in China's Economic Growth written by Wei-Bin Zhang and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the butterfly effect in China's modern economic development during the period of 1978-2018. In chaos theory, the butterfly effect refers to a phenomenon that a butterfly flaps its wings in Okinawa, and subsequently a storm may ravage New York. Deng applied a trivial idea, called the market mechanism, to China's countryside in 1978. The idea has subsequently caused economic structural changes and fast growth in the economy with the largest population in human history. China's per capita GDP jumped from $100 in 1978 to over US$8,000 in 2018. Eight hundred million people have made a great escape from poverty. By 2018, China was the world's second-largest economy from its 10th position in 1978 with its 9 per cent average annual growth rate of GDP in the previous four decades. This illuminating book will be of value to economists, scholars of China, and historians. Wei-Bin Zhang, Ph.D. (Umeå, Sweden), is Professor of Economics in Ritsumeikan Asia Pacific University (APU), Japan. He was graduated in 1982 from the Department of Geography, Beijing University, China. He completed graduate study at the Department of Civil Engineering, Kyoto University, Japan. After he completed his dissertation on economic growth theory, he researched at the Swedish Institute for Futures Studies in Stockholm for 10 years. During the Swedish period, he also worked as visiting scholars in USA, Japan, Mainland China, Austria, and Hong Kong. He taught at the Department of Economics, NUS, until May 2000, for one and half years, after he had been appointed as Tenured Professor at APU in 1998. His main research fields are nonlinear economic dynamics, growth theory, trade theory, East Asian economic development, and Confucianism. He has single-authorized about 360 academic articles (240 in peer-review international journals) and authorized 23 academic books in English by international publishing houses. Prof. Zhang is one of the editorial board members of 15 international journals.

Theorists of Economic Growth from David Hume to the Present

Author : W. W. Rostow
Publisher : Oxford University Press
ISBN 13 : 0195359798
Total Pages : 733 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis Theorists of Economic Growth from David Hume to the Present by : W. W. Rostow

Download or read book Theorists of Economic Growth from David Hume to the Present written by W. W. Rostow and published by Oxford University Press. This book was released on 1992-09-24 with total page 733 pages. Available in PDF, EPUB and Kindle. Book excerpt: This history of theories and theorists of economic growth elucidates the economic theory, economic history, and public policy observations of the renowned scholar W. W. Rostow. Looking at the economic growth theories of the classic economists up to 1870, Rostow compares Hume and Adam Smith, Malthus and Ricardo, and J.S. Mill and Karl Marx. He then examines the period 1870-1939 and its economic theorists, including Schumpeter, Colin Clark, Kuznets, and Harrod, and surveys the three forms of growth analysis in the postwar era: formal models, statistical morphology, and development theories. This authoritative overview also includes an agenda of unresolved problems in growth analysis and a description of the five major tasks statesmen will confront over the next several generations.

Economic Growth, the Environment and International Relations

Author : Stephen J. Purdey
Publisher : Routledge
ISBN 13 : 113517900X
Total Pages : 425 pages
Book Rating : 4.1/5 (351 download)

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Book Synopsis Economic Growth, the Environment and International Relations by : Stephen J. Purdey

Download or read book Economic Growth, the Environment and International Relations written by Stephen J. Purdey and published by Routledge. This book was released on 2010-01-04 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ubiquity of the commitment to economic growth, which Purdey refers to as the growth paradigm, is extraordinary. National governments around the world are seized of the same objective. Major international institutions such as the UN, the WTO, the World Bank, IMF and OECD, powerful international organizations such as regional trading blocs and multinational corporations – even civil societies of all kinds enthusiastically pursue a larger economic pie. This book examines the deep origins and rise to prominence of the commitment to economic growth. It explains why, despite the diversity of regime types, levels of development, cultures and other divisions typical of international relations, all major actors in the modern global polity pursue an identical political priority. Purdey critically examines the growth paradigm highlighting its normative foundations and its environmental impact, especially climate change. Using a neo-Gramscian approach, Purdey re-engages the ‘limits to growth’ controversy, identifying the commitment to growth as a form of utopianism that is as dangerous as it is seductive. By illuminating and interrogating the history, politics and morality of the growth paradigm, this book shifts the terrain of the limits debate from instrumental to ethical considerations. It will be of interest to students and scholars of political economy, international relations, environmental studies and ethics.

The Mystery of Economic Growth

Author : Elhanan Helpman
Publisher : Harvard University Press
ISBN 13 : 067425435X
Total Pages : 252 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis The Mystery of Economic Growth by : Elhanan Helpman

Download or read book The Mystery of Economic Growth written by Elhanan Helpman and published by Harvard University Press. This book was released on 2010-05-01 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Far more than an intellectual puzzle for pundits, economists, and policymakers, economic growth--its makings and workings--is a subject that affects the well-being of billions of people around the globe. In The Mystery of Economic Growth, Elhanan Helpman discusses the vast research that has revolutionized understanding of this subject in recent years, and summarizes and explains its critical messages in clear, concise, and accessible terms. The tale of growth economics, as Helpman tells it, is organized around a number of themes: the importance of the accumulation of physical and human capital; the effect of technological factors on the rate of this accumulation; the process of knowledge creation and its influence on productivity; the interdependence of the growth rates of different countries; and, finally, the role of economic and political institutions in encouraging accumulation, innovation, and change. One of the leading researchers of economic growth, Helpman succinctly reviews, critiques, and integrates current research--on capital accumulation, education, productivity, trade, inequality, geography, and institutions--and clarifies its relevance for global economic inequities. In particular, he points to institutions--including property rights protection, legal systems, customs, and political systems--as the key to the mystery of economic growth. Solving this mystery could lead to policies capable of setting the poorest countries on the path toward sustained growth of per capita income and all that that implies--and Helpman's work is a welcome and necessary step in this direction.

Measuring Quarterly Economic Growth from Outer Space

Author : Robert C. M. Beyer
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Measuring Quarterly Economic Growth from Outer Space by : Robert C. M. Beyer

Download or read book Measuring Quarterly Economic Growth from Outer Space written by Robert C. M. Beyer and published by International Monetary Fund. This book was released on 2022-06-03 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a novel framework to estimate the elasticity between nighttime lights and quarterly economic activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across countries. The estimated elasticity is 1.55 for emerging markets and developing economies, ranging from 1.36 to 1.81 across country groups and robust to different model specifications. The paper uses a light-adjusted measure of quarterly economic activity to show that higher levels of development, statistical capacity, and voice and accountability are associated with more precise national accounts data. The elasticity allows quantification of subnational economic impacts. During the COVID-19 pandemic, regions with higher levels of development and population density experienced larger declines in economic activity.

Turnaround

Author : Peter Blair Henry
Publisher : Basic Books
ISBN 13 : 0465031919
Total Pages : 242 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis Turnaround by : Peter Blair Henry

Download or read book Turnaround written by Peter Blair Henry and published by Basic Books. This book was released on 2013-03-12 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thirty years ago, China seemed hopelessly mired in poverty, Mexico triggered the Third World Debt Crisis, and Brazil suffered under hyperinflation. Since then, these and other developing countries have turned themselves around, while First World nations, battered by crises, depend more than ever on sustained growth in emerging markets. In Turnaround, economist Peter Blair Henry argues that the secret to emerging countries' success (and ours) is discipline -- sustained commitment to a pragmatic growth strategy. With the global economy teetering on the brink, the stakes are higher than ever. And because stakes are so high for all nations, we need less polarization and more focus on facts to answer the fundamental question: which policy reforms, implemented under what circumstances, actually increase economic efficiency? Pushing past the tired debates, Henry shows that the stock market's forecasts of policy impact provide an important complement to traditional measures. Through examples ranging from the drastic income disparity between Barbados and his native Jamaica to the "catch up" economics of China and the taming of inflation in Latin America, Henry shows that in much of the emerging world the policy pendulum now swings toward prudence and self-control. With similar discipline and a dash of humility, he concludes, the First World may yet recover and create long-term prosperity for all its citizens. Bold, rational, and forward-looking, Turnaround offers vital lessons for developed and developing nations in search of stability and growth.

The Butterfly Effect in China’s Economic Growth

Author : Wei-Bin Zhang
Publisher : Springer Nature
ISBN 13 : 9811598894
Total Pages : 224 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis The Butterfly Effect in China’s Economic Growth by : Wei-Bin Zhang

Download or read book The Butterfly Effect in China’s Economic Growth written by Wei-Bin Zhang and published by Springer Nature. This book was released on 2020-11-24 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the butterfly effect in China's modern economic development during the period of 1978–2018. In chaos theory, the butterfly effect refers to a phenomenon that a butterfly flaps its wings in Okinawa, and subsequently a storm may ravage New York. Deng applied a trivial idea, called the market mechanism, to China’s countryside in 1978. The idea has subsequently caused economic structural changes and fast growth in the economy with the largest population in human history. China’s per capita GDP jumped from $100 in 1978 to over US$8,000 in 2018. Eight hundred million people have made a great escape from poverty. By 2018, China was the world’s second-largest economy from its 10th position in 1978 with its 9 per cent average annual growth rate of GDP in the previous four decades. This illuminating book will be of value to economists, scholars of China, and historians.

Managing without Growth, Second Edition

Author : Peter A. Victor
Publisher : Edward Elgar Publishing
ISBN 13 : 1785367382
Total Pages : 432 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Managing without Growth, Second Edition by : Peter A. Victor

Download or read book Managing without Growth, Second Edition written by Peter A. Victor and published by Edward Elgar Publishing. This book was released on 2018 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ten years after the publication of the first edition of this influential book, the evidence is even stronger that human economies are overwhelming the regenerative capacity of the planet. This book explains why long-term economic growth is infeasible, and why, especially in advanced economies, it is also undesirable. Simulations based on real data show that managing without growth is a better alternative

Institutions and the Economy

Author : Francesco Duina
Publisher : Polity
ISBN 13 : 0745648290
Total Pages : 216 pages
Book Rating : 4.7/5 (456 download)

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Book Synopsis Institutions and the Economy by : Francesco Duina

Download or read book Institutions and the Economy written by Francesco Duina and published by Polity. This book was released on 2011-09-26 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Institutions are central to economic life. They have a major impact on consumer preferences, the actions and processes of firms, levels of wealth and poverty in countries, the growth of international trade, and much more. Indeed, none of the preconditions for economic activity - such as the existence of buyers and sellers, recognizable goods and services, and the information we need to make choices - would be in place without institutions. Institutions, then, do more than support economic life: they enable and shape it. These insights challenge some of the most basic postulates on modern economic theory and are at the heart of many of the most exciting works in economic sociology. This book examines the role of institutions - defined as the formal and informal rules and practices that surround us as we go about our daily lives - in the economy. Illuminating complex ideas with carefully selected, vivid examples, the investigation focuses on economic activity as it unfolds at the individual, organizational, national, and international levels. This accessible and engaging book will be essential reading for students of economic sociology, and all those interested in the intimate relationship between institutions and the economy.