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Online Resource
Online Resource
Handbook of economic growth; 1A (2005)
Amsterdam : Elsevier
Details
UID:
gbv_1655602365
Format: Online Ressource
ISBN: 0080461131 , 9780080461137 , 9780444520418 , 0444520414 , 0444520414 , 0080461131
Series Statement: Handbooks in economics 0169-7218 22
Content: The Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement. The Handbook of Economic Growth, edited by Philippe Aghion and Steven Durlauf, with an introduction by Robert Solow, features in-depth, authoritative survey articles by the leading economists working on growth theory
Note: Includes bibliographical references and indexes. - Print version record , front cover; copyright; front matter; Introduction to the Series; Contents of the Handbook; Preface to the Handbook of Economic Growth; table of contents; body; INTRODUCTION: GROWTH IN RETROSPECT AND PROSPECT; Reflections on Growth Theory; PART I: THEORIES OF ECONOMIC GROWTH; 1 Neoclassical Models of Endogenous Growth: The Effects of Fiscal Policy, Innovation and Fluctuations; 2 Growth with Quality-Improving Innovations: An Integrated Framework; 3 Horizontal Innovation in the Theory of Growth and Development; 4 From Stagnation to Growth: Unified Growth Theory; 5 Poverty Traps , 6 Institutions as a Fundamental Cause of Long-Run Growth7 Growth Theory through the Lens of Development Economics; PART II: EMPIRICS OF ECONOMIC GROWTH; 8 Growth Econometrics; 9 Accounting for Cross-Country Income Differences; 10 Accounting for Growth in the Information Age; 11 Externalities and Growth; PART III: GROWTH POLICIES AND MECHANISM; 12 Finance and Growth: Theory and Evidence; 13 Human Capital and Technology Diffusion; 14 Growth Strategies; 15 National Policies and Economic Growth: A Reappraisal; index; Author Index; Subject Index; Handbooks in Economics
In: 1A
Additional Edition: ISBN 0444520414
Additional Edition: ISBN 9780444520418
Additional Edition: Erscheint auch als Druck-Ausgabe Handbook of economic growth. Volume 1A Amsterdam ; Boston : Elsevier, 2005 ISBN 0444520414
Additional Edition: ISBN 9780444520418
Language: English
Keywords: Wachstumstheorie ; Technischer Fortschritt ; Electronic books ; Aufsatzsammlung
URL: Volltext  (Deutschlandweit zugänglich)
URL: Volltext  (Deutschlandweit zugänglich)
URL: lizenzpflichtig
Author information: Durlauf, Steven N.
Author information: Aghion, Philippe 1956-
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Associated Volumes
  • 2
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    Author Index (2005)
    Details
    UID:
    gbv_1831634635
    ISBN: 0080461131
    Content: This chapter lists the names of the people who have contributed to the book Handbook of Economic Growth , such as Aaronson, E., Abowd, J.M., Abramovitz, M., and others. Their names have been mentioned along with the page number in which their names appear in the bookfor the ease of the reader.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite I1-I36, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:I1-I36
    Language: English
    DOI: 10.1016/S1574-0684(05)01105-6
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
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    Chapter 1 Neoclassical Models of Endogenous Growth: The Effects of Fiscal Policy, Innovation and Fluctuations (2005)
    Details
    UID:
    gbv_1831634953
    ISBN: 0080461131
    Content: Despite its role as the centerpiece of modern growth theory, the Solow model is decidedly silent on some of its basic questions: Why is average growth in per capita income so much higher now than it was 200 years ago? Why is per capita income so much higher in the member countries of the OECD than in the less developed countries (LDC) of the world? In this chapter we review the recent literature on endogenous growth. We concentrate on convex models and we restrict attention to the case in which markets are competitive. After a brief review of the basic mechanisms that produces growth, we concentrate on three topics: the impact of fiscal policies on growth, the role of innovation and the relationship between uncertainty and growth.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 13-65, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:13-65
    Language: English
    DOI: 10.1016/S1574-0684(05)01001-4
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 4
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    Chapter 10 Accounting for Growth in the Information Age (2005)
    Details
    UID:
    gbv_1831634864
    ISBN: 0080461131
    Content: The “killer application” of the new framework for productivity measurement presented in this paper is the impact of information technology (IT) on economic growth. A consensus has emerged that the remarkable behavior of IT prices provides the key to the surge in U.S. economic growth after 1995. The relentless decline in the prices of information technology equipment and software has steadily enhanced the role of IT investment. Productivity growth in IT-producing industries has risen in importance and a productivity revival is underway in the rest of the economy. The surge of IT investment in the United States after 1995 has counterparts in all other industrialized countries. It is essential to use comparable data and methodology in order to provide rigorous international comparisons. A crucial role is played by measurements of IT prices. The U.S. national accounts have incorporated measures of IT prices that hold performance constant since 1985. Schreyer [Schreyer, Paul (2000), “The contribution of information and communication technology to output growth: A study of the G7 Countries”. Organization for Economic Co-operation and Development, Paris, May 23] has extended these measures to other industrialized countries by constructing “internationally harmonized prices”. The acceleration in the IT price decline in 1995 triggered a burst of IT investment in all of the G7 nations – Canada, France, Germany, Italy, Japan, the UK, as well as the U.S. These countries also experienced a rise in productivity growth in the IT-producing industries. However, differences in the relative importance of these industries have generated wide disparities in the impact of IT on economic growth. The role of the IT-producing industries is greatest in the U.S., which leads the G7 in output per capita.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 743-815, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:743-815
    Language: English
    DOI: 10.1016/S1574-0684(05)01010-5
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
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    Chapter 11 Externalities and Growth (2005)
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    UID:
    gbv_1831634856
    ISBN: 0080461131
    Content: Externalities play a central role in most theories of economic growth. We argue that international externalities, in particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is that many countries appear to share a common long run growth rate despite persistently different rates of investment in physical capital, human capital, and research. With this motivation, we construct a hybrid of some prominent growth models that have international knowledge externalities. When calibrated, the hybrid model does a surprisingly good job of generating realistic dispersion of income levels with modest barriers to technology adoption. Human capital and physical capital contribute to income differences both directly (as usual), and indirectly by boosting resources devoted to technology adoption. The model implies that most of income above subsistence is made possible by international diffusion of knowledge.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 817-861, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:817-861
    Language: English
    DOI: 10.1016/S1574-0684(05)01011-7
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  • 6
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    Chapter 12 Finance and Growth: Theory and Evidence (2005)
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    UID:
    gbv_1831634848
    ISBN: 0080461131
    Content: This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial intermediaries and markets matter for growth and that reverse causality alone is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth. The paper highlights many areas needing additional research.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 865-934, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:865-934
    Language: English
    DOI: 10.1016/S1574-0684(05)01012-9
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  • 7
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    Chapter 13 Human Capital and Technology Diffusion (2005)
    Details
    UID:
    gbv_183163483X
    ISBN: 0080461131
    Content: This paper generalizes the Nelson–Phelps catch-up model of technology diffusion. We allow for the possibility that the pattern of technology diffusion can be exponential, which would predict that nations would exhibit positive catch-up with the leader nation, or logistic, in which a country with a sufficiently small capital stock may exhibit slower total factor productivity growth than the leader nation. We derive a nonlinear specification for total factor productivity growth that nests these two specifications. We estimate this specification for a cross-section of nations from 1960 through 1995. Our results support the logistic specification, and are robust to a number of sensitivity checks. Our model also appears to predict slow total factor productivity growth well. 22 of the 27 nations that we identify as lacking the critical human capital levels needed to achieve faster total factor productivity growth than the leader nation in 1960 did achieve lower growth over the next 35 years.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 935-966, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:935-966
    Language: English
    DOI: 10.1016/S1574-0684(05)01013-0
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
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    Chapter 14 Growth Strategies (2005)
    Details
    UID:
    gbv_1831634821
    ISBN: 0080461131
    Content: This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally given it credit. In particular, first-order economic principles – protection of property rights, market-based competition, appropriate incentives, sound money, and so on – do not map into unique policy packages. Reformers have substantial room for creatively packaging these principles into institutional designs that are sensitive to local opportunities and constraints. Successful countries are those that have used this room wisely. The second argument is that igniting economic growth and sustaining it are somewhat different enterprises. The former generally requires a limited range of (often unconventional) reforms that need not overly tax the institutional capacity of the economy. The latter challenge is in many ways harder, as it requires constructing over the longer term a sound institutional underpinning to endow the economy with resilience to shocks and maintain productive dynamism. Ignoring the distinction between these two tasks leaves reformers saddled with impossibly ambitious, undifferentiated, and impractical policy agendas.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 967-1014, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:967-1014
    Language: English
    DOI: 10.1016/S1574-0684(05)01014-2
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  • 9
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    Chapter 15 National Policies and Economic Growth: A Reappraisal (2005)
    Details
    UID:
    gbv_1831634813
    ISBN: 0080461131
    Content: The new growth literature, using both endogenous growth and neoclassical models, has generated strong claims for the effect of national policies on economic growth. Empirical work on policies and growth has tended to confirm these claims. This paper casts doubt on this claim for strong effects of national policies, pointing out that such effects are inconsistent with several stylized facts and seem to depend on extreme observations in growth regressions. More modest effects of policy are consistent with theoretical models that feature substitutability between the formal and informal sector, have a large share for the informal sector, or stress technological change rather than factor accumulation.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 1015-1059, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:1015-1059
    Language: English
    DOI: 10.1016/S1574-0684(05)01015-4
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 10
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    Chapter 2 Growth with Quality-Improving Innovations: An Integrated Framework (2005)
    Details
    UID:
    gbv_1831634945
    ISBN: 0080461131
    Content: In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth interacts with development and cross-country convergence and divergence, how it interacts with industrial organization and in particular market structure, and how it interacts with organizations and institutional change. Simple, since all these aspects can be analyzed using the same elementary model. Empirically useful, as the framework generates a whole range of new microeconomic and macroeconomic predictions while it addresses empirical criticisms raised by other endogenous growth models in the literature.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 67-110, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:67-110
    Language: English
    DOI: 10.1016/S1574-0684(05)01002-6
    URL: Volltext  (Deutschlandweit zugänglich)
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