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  • 1
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    Handbook of economic growth / (2005)
    Amsterdam :Elsevier,
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    UID:
    almahu_9947367656702882
    Format: 1 online resource (2 volumes)
    ISBN: 9786610641659 , 1-280-64164-9 , 9786610641642 , 0-08-046113-1
    Series Statement: Handbooks in economics, 22
    Content: 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. Volume 1A, the first part of the first volume in in this two volume set, covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms. Volume 1B, the second part of the first volume in this two volume set, covers technology, trade and geography, and growth and socio-economic development. Volumes 2A and 2B of The Handbook of Economic Growth summarize recent advances in theoretical and empirical work while offering new perspectives on a range of growth mechanisms, from the roles played by institutions and organizations to the ways factors beyond capital accumulation and technological change can affect growth.
    Note: Description based upon print version of record. , Volume 1-A (xxviii, 1-1060 pages) ; volume 1-B (xxv, 1061-1822 pages) ; volume 2 (xiv, 1070 pages) , English
    Additional Edition: ISBN 0-444-52041-4
    Language: English
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    Charité
  • 2
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    Chapter 7 Growth Theory through the Lens of Development Economics (2005)
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    UID:
    gbv_1831634899
    ISBN: 0080461131
    Content: Growth theory has traditionally assumed the existence of an aggregate production function, whose existence and properties are closely tied to the assumption of optimal resource allocation within each economy. We show extensive evidence, culled from the micro-development literature, demonstrating that the assumption of optimal resource allocation fails radically. The key fact is the enormous heterogeneity of rates of return to the same factor within a single economy, a heterogeneity that dwarfs the cross-country heterogeneity in the economy-wide average return. Prima facie , we argue, this evidence poses problems for old and new growth theories alike. We then review the literature on various causes of this misallocation. We go on to calibrate a simple model which explicitly introduces the possibility of misallocation into an otherwise standard growth model. We show that, in order to match the data, it is enough to have misallocated factors: there also needs to be important fixed costs in production. We conclude by outlining the contour of a possible non-aggregate growth theory, and review the existing attempts to take such a model to the data.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 473-552, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:473-552
    Language: English
    DOI: 10.1016/S1574-0684(05)01007-5
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
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    Chapter 3 Horizontal Innovation in the Theory of Growth and Development (2005)
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    UID:
    gbv_1831634937
    ISBN: 0080461131
    Content: We analyze recent contributions to growth theory based on the model of expanding variety of Romer [Romer, P. (1990). “Endogenous technological change”. Journal of Political Economy 98, 71–102]. In the first part, we present different versions of the benchmark linear model with imperfect competition. These include the “lab-equipment” model, “labor-for-intermediates” and “directed technical change”. We review applications of the expanding variety framework to the analysis of international technology diffusion, trade, cross-country productivity differences, financial development and fluctuations. In many such applications, a key role is played by complementarities in the process of innovation.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 111-170, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:111-170
    Language: English
    DOI: 10.1016/S1574-0684(05)01003-8
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 4
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    Contents of the Handbook (2005)
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    UID:
    gbv_183163466X
    ISBN: 0080461131
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite vii-x, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:vii-x
    Language: English
    DOI: 10.1016/S1574-0684(05)01102-0
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  • 5
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    Chapter 4 From Stagnation to Growth: Unified Growth Theory (2005)
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    UID:
    gbv_1831634929
    ISBN: 0080461131
    Content: The transition from stagnation to growth and the associated phenomenon of the great divergence have been the subject of an intensive research in the growth literature in recent years. The discrepancy between the predictions of exogenous and endogenous growth models and the process of development over most of human history, induced growth theorists to advance an alternative theory that would capture in a single unified framework the contemporary era of sustained economic growth, the epoch of Malthusian stagnation that had characterized most of the process of development, and the fundamental driving forces of the recent transition between these distinct regimes. The advancement of unified growth theory was fueled by the conviction that the understanding of the contemporary growth process would be limited and distorted unless growth theory would be based on micro-foundations that would reflect the qualitative aspects of the growth process in its entirety. In particular, the hurdles faced by less developed economies in reaching a state of sustained economic growth would remain obscured unless the origin of the transition of the currently developed economies into a state of sustained economic growth would be identified, and its implications would be modified to account for the additional economic forces faced by less developed economies in an interdependent world. Unified growth theory suggests that the transition from stagnation to growth is an inevitable outcome of the process of development. The inherent Malthusian interaction between the level of technology and the size and the composition of the population accelerated the pace of technological progress, and ultimately raised the importance of human capital in the production process. The rise in the demand for human capital in the second phase of industrialization, and its impact on the formation of human capital as well as on the onset of the demographic transition, brought about significant technological advancements along with a reduction in fertility rates and population growth, enabling economies to convert a larger share of the fruits of factor accumulation and technological progress into growth of income per capita, and paving the way for the emergence of sustained economic growth. Variations in the timing of the transition from stagnation to growth and thus in economic performance across countries reflect initial differences in geographical factors and historical accidents and their manifestation in variations in institutional, social, cultural, and political factors. In particular, once a technologically driven demand for human capital emerged in the second phase of industrialization, the prevalence of human capital promoting institutions determined the extensiveness of human capital formation, the timing of the demographic transition, and the pace of the transition from stagnation to growth.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 171-293, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:171-293
    Language: English
    DOI: 10.1016/S1574-0684(05)01004-X
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  • 6
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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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  • 7
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    Chapter 5 Poverty Traps (2005)
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    UID:
    gbv_1831634910
    ISBN: 0080461131
    Content: This survey reviews models of self-reinforcing mechanisms that cause poverty to persist. Some of them examine market failure in environments where the neoclassical assumptions on markets and technology break down. Other mechanisms include institutional failure which can, by itself, perpetuate self-reinforcing poverty. A common thread in all these mechanisms is their adverse impact on the acquisition of physical or human capital, and on the adoption of modern technology. The survey also reviews recent progress in the empirical poverty trap literature.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 295-384, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:295-384
    Language: English
    DOI: 10.1016/S1574-0684(05)01005-1
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  • 8
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    Chapter 1 Neoclassical Models of Endogenous Growth: The Effects of Fiscal Policy, Innovation and Fluctuations (2005)
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    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
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  • 9
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    Chapter 15 National Policies and Economic Growth: A Reappraisal (2005)
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    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
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  • 10
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    Subject Index (2005)
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    UID:
    gbv_1831634627
    ISBN: 0080461131
    Content: This chapter lists the terms that have contributed to the book Handbook of Economic Growth , such as abatement, absorptive capacity, accumulation mechanism, and others. These terms have been mentioned along with the page numbers in which they have appeared in the bookfor the ease of the reader.
    In: Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite I37-I46, 0080461131
    In: 9780080461137
    In: 9780444520418
    In: 0444520414
    In: 0444520414
    In: 0080461131
    In: year:2005
    In: pages:I37-I46
    Language: English
    DOI: 10.1016/S1574-0684(05)01106-8
    URL: Volltext  (Deutschlandweit zugänglich)
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