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Principles of Economic Growth

Опубликовано на портале: 25-01-2003
Oxford: Oxford University Press, 1999
This is a concise and reader-friendly introduction to the principles of economic growth for students of economics and business. Gylfason examines theoretical and empirical models of economic growth through examples and case studies drawn from around the world and through a trenchant analysis of classic thought in this area. The influence of public policy on economic efficiency and growth is a key theme which underpins this textbook's engagement with issues such as liberalization, stabilization, privatization, and unemployment, as well as technology, education, natural resources, and geography. Economic growth is one of the most exciting areas of recent research and debate in the fields of business and economics, and this text, complete with end-of-chapter summaries and review questions, provides an ideal introduction to the topic.
Readership: Ideal for undergraduate students of macroeconomic principles, open economy macroeconomics, business and managerial economics, and international business. These are major courses on economics and business studies degrees. In addition, 'economic growth' has been one of the most exciting areas in economics in recent years, and this means that the text will receive a great deal of academic interest.

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1. Growing Apart

Burma and Thailand

Botswana, Nigeria, and Ghana

Uruguay, Argentina, and Spain

Madagascar and Mauritius

Roots and branches

Quantity and quality

The importance of being efficient

Reforms and growth

2. Roots and Branches

The first revolution: Adam Smith

Adam Smith's followers

Enter mathematics: Harrod and Domar

The second revolution: The neoclassical model

The third revolution: Endogenous growth

Summary

3. Quantity and Quality

Endogenous growth and technology

Endogenous growth accounting

The level of income per head with endogenous growth

The neoclassical model again

How strong? How long?

Exogenous growth illustrated

How much to save

Optimal growth in figures

Summary

4. The Importance of Being Efficient

Growing together? Or growing apart?

Absolute vs. conditional convergence

Poverty traps

Case 1: Liberalization

Case 2: Stabilization

Case 3: Privatization

Case 4: Education, health, and distribution

Case 5: Natural resources and geography

Summary

5. Reforms and Growth

Unemployment and growth

Some obstacles to reforms and growth

In conclusion

Appendices

2.1 The Harrod-Domar Model

2.2 The Solow Model: Exogenous Growth

2.3 Endogenous Growth

3.1 More on Endogenous Growth

3.2 More on Exogenous Growth

3.3 Optimal Saving and Growth

4.1 Liberalization, Efficiency, and Growth

4.2 Stabilization, Efficiency, and Growth

4.3 Privatization, Efficiency, and Growth

4.4 Education, Taxes, and Growth

References

Cast of characters

Name and place index

Subject index


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