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Online Resource
Online Resource
Amsterdam : Elsevier
UID:
gbv_825903173
Format: Online Ressource (xxv, 1061-1822 pages)
ISBN: 9780444520432 , 0444520430 , 9780444520418 , 9780080461144 , 9780444508379
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
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 , Technology. 16. Growth and ideas (C.I. Jones).17. Long-term economic growth and the history of technology (J. Mokyr). -- 18. General purpose technologies (B. Jovanovic, P. L. Rousseau). -- 19. Technological progress and economic transformation (J. Greenwood, A. Seshadri). -- 20. Wage inequality and technology (A. Hornstein, P. Krusell, G. Violante). -- 21. A unified theory of the evolution of international income levels (S. Parente, E. Prescott). -- Part 5: Trade and geography. -- 22. A global view of economic growth (J. Ventura). -- 23. Trade, growth and the size of nations (A. Alesina, E. Spolaore, R. Wacziag). -- 24. Urbanization and growth (J.V. Henderson). -- Part 6: Growth and the socioeconomic environment. -- 25. Inequality, technology, and the social contract (R. Benabou). -- 26. Social capital (S. Durlauf, M. Fafchamps). -- 27. The effect of economic growth on social structures (F. Bourguignon). -- 28. Economic growth and the environment (W. Brock, M.S. Taylor). , Cover; copyright; Introduction to the Series; Contents of the Handbook; Preface to the Handbook of Economic Growth; Contents; Part IV TECHNOLOGY; 16 Growth and Ideas; Abstract; Keywords; 1. Introduction; 2. Intellectual history of this idea; 3. A simple idea-based growth model; 4. A richer model and the allocation of resources; 5. Scale effects; 6. Growth accounting, the linearity critique, and other contributions; 7. Conclusions; Acknowledgements; References; 17 Long-Term Economic Growth and the History of Technology; Abstract; Keywords; 1. Introduction; 2. Technology and economic growth , 3. A historical theory of technology4. The significance of the Industrial Revolution; 5. The intellectual roots of the Industrial Revolution; 6. The dynamic of technological modernity; 7. Human capital and modern economic growth; 8. Institutions and technological progress; 9. Conclusions: Technology, growth, and the rise of the occident; Acknowledgements; References; 18 General Purpose Technologies; Abstract; Keywords; 1. Introduction; 2. Measuring the three characteristics of a GPT; 3. Other symptoms of a GPT; Acknowledgements; References , 19 Technological Progress and Economic TransformationAbstract; Keywords; 1. Introduction; 2. The baby bust and baby boom; 3. The U.S. demographic transition; 4. The demise of child labor; 5. Engines of liberation; 6. Conclusion; 7. Literature review; Acknowledgements; Appendix; References; 20 The Effects of Technical Change on Labor Market Inequalities; Abstract; Keywords; 1. Introduction; 2. A look at the facts; 3. Skill-biased technical change: Inside the black box; 4. Technical change and the returns to experience; 5. Inside the firm: The organization of work , 6. Technical progress as a source of change in labor market institutions7. Technological change in frictional labor markets; 8. Technology-policy complementarity: United States vs. Europe; 9. Welfare and policy implications; 10. Concluding remarks; Acknowledgements; References; 21 A Unified Theory of the Evolution of International Income Levels; Abstract; Keywords; 1. Introduction; 2. A theory of economic development; 3. A theory of relative efficiencies; 4. A unified theory of the evolution of international incomes; 5. Catching up; 6. Concluding remarks; Acknowledgements; References , Part V TRADE AND GEOGRAPHY22 A Global View of Economic Growth; Abstract; Keywords; 0. Introduction; 1. The integrated economy; 2. Specialization, trade and diminishing returns; 3. Transport costs and market size; 4. Final remarks; Acknowledgements; References; 23 Trade, Growth and the Size of Countries; Abstract; 1. Introduction; 2. Size, openness and growth: Theory; 3. Size, openness and growth: Empirical evidence; 4. Country size and trade in history; 5. Conclusion; Acknowledgements; References; 24 Urbanization and Growth; Abstract; Keywords; 1. Facts and empirical evidence , 2. Cities and growth
In: 1B
Additional Edition: Print version Handbook of Economic Growth
Language: English
Subjects: Economics
RVK:
Keywords: Wachstumstheorie ; Electronic books ; Electronic books ; Aufsatzsammlung
URL: Volltext  (Deutschlandweit zugänglich)
URL: Volltext  (Deutschlandweit zugänglich)
Author information: Durlauf, Steven N.
Author information: Aghion, Philippe 1956-
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Associated Volumes
  • 2
    Online Resource
    Online Resource
    UID:
    gbv_1831634570
    ISBN: 9780444520432
    In: Handbook of economic growth ; 1B, Amsterdam : Elsevier, 2005, (2005), Seite I1-I36, 9780444520432
    In: 0444520430
    In: 9780444520418
    In: 9780080461144
    In: 9780444508379
    In: year:2005
    In: pages:I1-I36
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    Online Resource
    Online Resource
    UID:
    gbv_1831634805
    ISBN: 9780444520432
    Content: Ideas are different from nearly all other economic goods in that they are nonrivalrous. This nonrivalry implies that production possibilities are likely to be characterized by increasing returns to scale, an insight that has profound implications for economic growth. The purpose of this chapter is to explore these implications.
    In: Handbook of economic growth ; 1B, Amsterdam : Elsevier, 2005, (2005), Seite 1063-1111, 9780444520432
    In: 0444520430
    In: 9780444520418
    In: 9780080461144
    In: 9780444508379
    In: year:2005
    In: pages:1063-1111
    Language: English
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  • 4
    UID:
    gbv_1831634791
    ISBN: 9780444520432
    Content: Modern economic growth started in the West in the early nineteenth century. This survey discusses the precise connection between the Industrial Revolution and the beginnings of growth, and connects it to the intellectual and economic factors underlying the growth of useful knowledge. The connections between science, technology and human capital are re-examined, and the role of the eighteenth century Enlightenment in bringing about modern growth is highlighted. Specifically, the paper argues that the Enlightenment changed the agenda of scientific research and deepened the connections between theory and practice.
    In: Handbook of economic growth ; 1B, Amsterdam : Elsevier, 2005, (2005), Seite 1113-1180, 9780444520432
    In: 0444520430
    In: 9780444520418
    In: 9780080461144
    In: 9780444508379
    In: year:2005
    In: pages:1113-1180
    Language: English
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  • 5
    UID:
    gbv_1831634783
    ISBN: 9780444520432
    Content: A general purpose technology or GPT is a term coined to describe a new method of producing and inventing that is important enough to have a protracted aggregate impact. Electricity and information technology (IT) probably are the two most important GPTs so far. We analyze how the U.S. economy reacted to them. We date the Electrification era from 1894 until 1930, and the IT era from 1971 until the present. While we document some differences between the two technologies, we follow David [In: Technology and Productivity: The Challenge for Economic Policy (1991) 315–347] and emphasize their similarities. Our main findings are: 1. Productivity growth in the two GPT eras tended to be lower than it was in other periods, with productivity slowdowns taking place at the start of the two eras and the IT era slowdown stronger than that seen during Electrification. 2. Both GPTs were widely adopted, but electricity’s adoption was faster and more uniform over sectors. 3. Both improved as they were adopted, but measured by its relative price decline, IT has shown a much faster improvement than Electricity did. 4. Both have spawned innovation, but here, too, IT dominates Electricity in terms of the number of patents and trademarks issued. 5. Both were accompanied by a rise in “creative destruction” and turbulence as measured by the entry and exit of firms, by mergers and takeovers, and by changing valuations on the stock exchange. In sum, Electrification spread faster than IT has been spreading, and it did so more evenly and broadly over sectors. Also, IT comprises a smaller fraction of the physical capital stock than electrified machinery did at its corresponding stage. On the other hand, IT seems to be technologically more dynamic; the ongoing spread of IT and its continuing precipitous price decline are reasons for optimism about productivity growth in the 21st century.
    In: Handbook of economic growth ; 1B, Amsterdam : Elsevier, 2005, (2005), Seite 1181-1224, 9780444520432
    In: 0444520430
    In: 9780444520418
    In: 9780080461144
    In: 9780444508379
    In: year:2005
    In: pages:1181-1224
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 6
    UID:
    gbv_1831634775
    ISBN: 9780444520432
    Content: Growth theory can go a long way toward accounting for phenomena linked with U.S. economic development. Some examples are: (i) the secular decline in fertility between 1800 and 1980, (ii) the decline in agricultural employment and the rise in skill since 1800, (iii) the demise of child labor starting around 1900, (iv) the increase in female labor-force participation from 1900 to 1980, (v) the baby boom from 1936 to 1972. Growth theory models are presented to address all of these facts. The analysis emphasizes the role of technological progress as a catalyst for economic transformation.
    In: Handbook of economic growth ; 1B, Amsterdam : Elsevier, 2005, (2005), Seite 1225-1273, 9780444520432
    In: 0444520430
    In: 9780444520418
    In: 9780080461144
    In: 9780444508379
    In: year:2005
    In: pages:1225-1273
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 7
    UID:
    gbv_1831634767
    ISBN: 9780444520432
    Content: In this chapter we inspect economic mechanisms through which technological progress shapes the degree of inequality among workers in the labor market. A key focus is on the rise of U.S. wage inequality over the past 30 years. However, we also pay attention to how Europe did not experience changes in wage inequality but instead saw a sharp increase in unemployment and an increased labor share of income, variables that remained stable in the U.S. We hypothesize that these changes in labor market inequalities can be accounted for by the wave of capital-embodied technological change, which we also document. We propose a variety of mechanisms based on how technology increases the returns to education, ability, experience, and “luck” in the labor market. We also discuss how the wage distribution may have been indirectly influenced by technical change through changes in certain aspects of the organization of work, such as the hierarchical structure of firms, the extent of unionization, and the degree of centralization of bargaining. To account for the U.S.–Europe differences, we use a theory based on institutional differences between the United States and Europe, along with a common acceleration of technical change. Finally, we briefly comment on the implications of labor market inequalities for welfare and for economic policy.
    In: Handbook of economic growth ; 1B, Amsterdam : Elsevier, 2005, (2005), Seite 1275-1370, 9780444520432
    In: 0444520430
    In: 9780444520418
    In: 9780080461144
    In: 9780444508379
    In: year:2005
    In: pages:1275-1370
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
    UID:
    gbv_1831634759
    ISBN: 9780444520432
    Content: This chapter develops a theory of the evolution of international income levels. In particular, it augments the Hansen–Prescott theory of economic development with the Parente–Prescott theory of relative efficiencies and shows that the unified theory accounts for the evolution of international income levels over the last millennium. The essence of this unified theory is that a country starts to experience sustained increases in its living standard when production efficiency reaches a critical point. Countries reach this critical level of efficiency at different dates not because they have access to different stocks of knowledge, but rather because they differ in the amount of society-imposed constraints on the technology choices of their citizenry.
    In: Handbook of economic growth ; 1B, Amsterdam : Elsevier, 2005, (2005), Seite 1371-1416, 9780444520432
    In: 0444520430
    In: 9780444520418
    In: 9780080461144
    In: 9780444508379
    In: year:2005
    In: pages:1371-1416
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 9
    UID:
    gbv_1831634740
    ISBN: 9780444520432
    Content: This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade frictions. By comparing the predictions of these models against each other, it is possible to identify a variety of channels through which trade affects the evolution of world income and its geographical distribution. By comparing the predictions of these models against the data, it is also possible to construct coherent explanations of income differences and long-run trends in economic growth.
    In: Handbook of economic growth ; 1B, Amsterdam : Elsevier, 2005, (2005), Seite 1419-1497, 9780444520432
    In: 0444520430
    In: 9780444520418
    In: 9780080461144
    In: 9780444508379
    In: year:2005
    In: pages:1419-1497
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 10
    UID:
    gbv_1831634732
    ISBN: 9780444520432
    Content: Normally, economists take the size of countries as an exogenous variable. Nevertheless, the borders of countries and their size change, partially in response to economic factors such as the pattern of international trade. Conversely, the size of countries influences their economic performance and their preferences for international economic policies – for instance smaller countries have a greater stake in maintaining free trade. In this paper, we review the theory and evidence concerning a growing body of research that considers both the impact of market size on growth and the endogenous determination of country size. We argue that our understanding of economic performance and of the history of international economic integration can be greatly improved by bringing the issue of country size at the forefront of the analysis of growth.
    In: Handbook of economic growth ; 1B, Amsterdam : Elsevier, 2005, (2005), Seite 1499-1542, 9780444520432
    In: 0444520430
    In: 9780444520418
    In: 9780080461144
    In: 9780444508379
    In: year:2005
    In: pages:1499-1542
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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