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The Economics Of Growth

The Economics Of Growth


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About the Book

This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design.

The book can be used by postgraduate students of Economics and as a reference for professional economists in government or international financial organizations.

“Aghion and Howitt’s work on growth and policy has vastly increased our understanding of endogenous incentives and supportive policies that drive growth in advanced and developing countries. In this important book, they bring their own insights and the insights of other pioneers to bear on the broader context of growth. This book is accessible, fascinating and extremely useful.”

Michael Spence
Professor Emeritus, Stanford University
and Winner of the 2001 Nobel Prize in Economics

“Aghion and Howitt have produced a very important and thoughtful book which presents questions, models, and answers in a clear and constructive manner. They show how good theory can and should influence both understanding and policy. It will shape the way in which economists think about growth for years ahead.”

Nicholas Stern
Lord Stern of Brentford and IG Patel
Professor of Economics and Government,
London School of Economics

About the Author

Philippe Aghion is Robert C. Waggoner Professor of Economics at Harvard University. |Peter Howitt is Lyn Crost Professor of Social Sciences at Brown University.



Table of Contents:

Preface. Introduction.
Part I:  Basic Paradigms of Growth Theory
1.  Neoclassical Growth Theory
2. The AK Model
3.  Product Variety
4.  The Schumpeterian Model
5.  Capital, Innovation, and Growth Accounting
Part II: Understanding the Growth Process
6.  Finance and Growth
7.  Technology Transfer and Cross-Country Convergence
8. Market Size and Directed Technical Change
9. General-Purpose Technologies
10. Stages of Growth
11. Institutions and Nonconvergence Traps
Part III: Growth Policy
12. Fostering Competition and Entry
13. Investing in Education
14. Reducing Volatility and Risk
15. Liberalizing Trade
16. Preserving the Environment
17. Promoting Democracy
Conclusion
17. Looking Ahead: Culture and Development
Appendix: Basic Elements of Econometrics

References. Index


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Product Details
  • ISBN-13: 9788120340640
  • Publisher: PHI Learning
  • Binding: Paperback
  • Language: English
  • Weight: 737 gr
  • ISBN-10: 8120340647
  • Publisher Date: 2010
  • Height: 235 mm
  • No of Pages: 520
  • Width: 178 mm

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