Long Run Economic Growth

Author : Dora L. Costa
Publisher : University of Chicago Press
ISBN 13 : 0226116344
Total Pages : 400 pages
Book Rating : 4.41/5 ( download)

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Download or read book Understanding Long-Run Economic Growth written by Dora L. Costa and published by University of Chicago Press. This book was released on 2011-10 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. This book explores the relationship between economic conditions, growth, and inequality.

Author : Steven Durlauf
Publisher : Springer Science & Business Media
ISBN 13 : 3642612113
Total Pages : 204 pages
Book Rating : 4.14/5 ( download)

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Download or read book Long-Run Economic Growth written by Steven Durlauf and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most enduring questions in economics involves how a nation could accelerate the pace of its economic development. One of the most enduring answers to this question is to promote exports -either because doing so directly influences development via encouraging production of goods for export, or because export promotion permits accumulation of foreign exchange which permits importation of high-quality goods and services, which can in turn be used to expand the nation's production possibilities. In either case, growth is said to be export-led; the latter case is the so-called "two-gap" hypothesis (McKinnon, 1964; Findlay, 1973). The early work on export-led growth consisted of static cross-country com parisons (Michaely, 1977; Balassa, 1978; Tyler, 1981; Kormendi and Meguire, 1985). These studies generally concluded that there is strong evidence in favour of export-led growth because export growth and income growth are highly correlated. However, Kravis pointed out in 1970 that the question is an essen tially dynamic one: as he put it, are exports the handmaiden or the engine of growth? To make this determination one needs to look at time series to see whether or not exports are driving income. This approach has been taken in a number of papers (Jung and Marshall, 1985; Chow, 1987; Serletis, 1992; Kunst and Marin, 1989; Marin, 1992; Afxentiou and Serletis, 1991), designed to assess whether or not individual countries exhibit statistically significant evidence of export-led growth using Granger causality tests.

Author : Maddison Angus
Publisher : OECD Publishing
ISBN 13 : 9264163557
Total Pages : 196 pages
Book Rating : 4.53/5 ( download)

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Download or read book Development Centre Studies Chinese Economic Performance in the Long Run written by Maddison Angus and published by OECD Publishing. This book was released on 1998-09-25 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries, but which have not hitherto been available for China.

Author : Bon Ho Koo
Publisher : Springer
ISBN 13 : 1349135127
Total Pages : 364 pages
Book Rating : 4.27/5 ( download)

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Download or read book Social Capability and Long-Term Economic Growth written by Bon Ho Koo and published by Springer. This book was released on 2016-07-27 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: What accounts for the varying long term growth patterns across developing countries? Why were some economies able to achieve sustained and rapid growth in the past three decades, while others failed? In Social Capability and Long-Term Economic Growth, an impressive panel of economists come together to develop a theory of long-term growth, focusing on the dynamic relationship between the social capability to manage scarce resources and long-term growth. Various theoretical issues concerning social capability are explored, and in-depth case-studies of the development experiences of Asian, Latin American, and socialist economies are presented with significant empirical findings. The authors argue that a nation's social capability to efficiently manage human resources is a crucial ingredient for sustaining growth. This study is a serious response to the important question of how a poor developing country can transform itself into a developed one, and its findings offer valuable insight to the development of a long-term growth theory and to economic development policies.

Author : Philip M. Parker
Publisher : MIT Press
ISBN 13 : 9780262161947
Total Pages : 336 pages
Book Rating : 4.4X/5 ( download)

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Download or read book Physioeconomics written by Philip M. Parker and published by MIT Press. This book was released on 2000 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: He presents evidence that long-run growth can be attributed to variances in hypothalmic activity."--BOOK JACKET.

Author : Ross Levine
Publisher : World Bank Publications
ISBN 13 : 6101919153
Total Pages : 32 pages
Book Rating : 4.51/5 ( download)

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Download or read book stock market development and long run growth written by Ross Levine and published by World Bank Publications. This book was released on 1996 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Richard G. Lipsey
Publisher : OUP Oxford
ISBN 13 : 9780191558092
Total Pages : 636 pages
Book Rating : 4.95/5 ( download)

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Download or read book Economic Transformations written by Richard G. Lipsey and published by OUP Oxford. This book was released on 2005-11-03 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the long term economic growth that has raised the West's material living standards to levels undreamed of by counterparts in any previous time or place. The authors argue that this growth has been driven by technological revolutions that have periodically transformed the West's economic, social and political landscape over the last 10,000 years and allowed the West to become, until recently, the world's only dominant technological force. Unique in the diversity of the analytical techniques used, the book begins with a discussion of the causes and consequences of economic growth and technological change. The authors argue that long term economic growth is largely driven by pervasive technologies now known as General Purpose (GPTs). They establish an alternative to the standard growth models that use an aggregate production function and then introduce the concept of GPTs, complete with a study of how these technologies have transformed the West since the Neolithic Agricultural Revolution. Early modern science is given more importance than in most other treatments and the 19th century demographic revolution is studied with a combination of formal models of population dynamics and historical analysis. The authors argue that once sustained growth was established in the West, formal models can shed much light on its subsequent behaviour. They build non-conventional, dynamic, non-stationary equilibrium models of GPT-driven growth that incorporate a range of phenomena that their historical studies show to be important but which are excluded from other GPT models in the interests of analytical tractability. The book concludes with a study of the policy implications that follow from their unique approach.

Author : Dora L. Costa
Publisher : University of Chicago Press
ISBN 13 : 0226116425
Total Pages : 401 pages
Book Rating : 4.26/5 ( download)

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Download or read book Understanding Long-Run Economic Growth written by Dora L. Costa and published by University of Chicago Press. This book was released on 2011-08-10 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. Probing the long-term effects of early colonial differences on immigration policy, land distribution, and financial development in a variety of settings, Understanding Long-Run Economic Growth explores the relationship between economic conditions, growth, and inequality, with a focus on how the monopolization of resources by the political elite limits incentives for ordinary people to invest in human capital or technological discovery. Among the topics discussed are the development of credit markets in France, the evolution of transportation companies in the United Kingdom and the United States, and the organization of innovation in the United States.

Author : Steven N. Durlauf
Publisher :
ISBN 13 :
Total Pages : 10 pages
Book Rating : 4.95/5 ( download)

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Download or read book Long-run Economic Growth written by Steven N. Durlauf and published by . This book was released on 1996 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Guillem López i Casasnovas
Publisher : MIT Press
ISBN 13 : 9780262122764
Total Pages : 399 pages
Book Rating : 4.66/5 ( download)

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Download or read book Health and Economic Growth written by Guillem López i Casasnovas and published by MIT Press. This book was released on 2005 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading international researchers offer theoretical and empirical microeconomic and macroeconomic perspectives on the ways a population's health status affects a country's economic growth.