Description
Book SynopsisThis enlightening and significant volume focuses on the nature, causes and features of economic growth across a wide range of countries and regions. Covering a variety of growth related topics - from theoretical analyses of economic growth in general to empirical analyses of growth in the OECD, transition economies and developing economies - the distinguished cast of contributors addresses some of the most important contemporary issues and developments in the field. These include, amongst others:
- endogenous growth theory
- Keynesian theories of the business cycle and growth
- unemployment and growth
- FDI and productivity spillovers
- knowledge externalities and growth.
This useful analysis of the many facets of economic growth will be an essential read for those interested in economic theory and economic policy-making, as well as students and scholars of macroeconomics and finance.
Trade Review‘Economic Growth
is an enlightening and significant new volume providing a useful analysis of the many facts of economic growth and pointing the way toward policy correction. The volume will be an essential read for those interested in economic theory and economic policy-making, as well as students and scholars of macroeconomics and finance.' -- SirReadaLot.org
Table of ContentsContents: 1. Introduction Philip Arestis, Michelle Baddeley and John S.L. McCombie 2. Is Growth Theory a Real Subject? Franklin M. Fisher 3. What is Endogenous Growth Theory? Mark Roberts and Mark Setterfield 4. Is the Natural Rate of Growth Exogenous? Miguel Leon-Ledesma and A.P. Thirlwall 5. The Representative Firm and Increasing Returns: Then and Now Stephanie Blankenberg and G.C. Harcourt 6. A Dynamic Framework for Keynesian Theories of the Business Cycle and Growth Pedro Leão 7. A Keynesian Model of Unemployment and Growth: Theory John Cornwall 8. A Keynesian Model of Unemployment and Growth: An Empirical Test Wendy Cornwall 9. The Relevance of the Cambridge–Cambridge Controversies in Capital Theory for Econometric Practice G.C. Harcourt 10. Foreign Direct Investment and Productivity Spillovers: A Sceptical Analysis of Some OECD Economies Carlos Rodríguez, Carmen Gomez and Jesus Ferreiro 11. Increasing Returns and the Distribution of Manufacturing Productivity in the EU Regions Bernard Fingleton and Enrique López-Bazo 12. The Role of Wage-Setting in a Growth Strategy for Europe Andrew Watt 13. Economic Growth and Beta-Convergence in the East European Transition Economies Nigel F.B. Allington and John S.L. McCombie 14. Knowledge Externalities and Growth in Peripheral Regions Fabiana Santos, Marco Crocco and Frederico Jayme Jr 15. Knowledge, Human Capital and Foreign Direct Investment in Developing Countries: Recent Trends from an Endogenous Growth Theory Perspective Diana V. Barrowclough 16. Is Growth Alone Sufficient to Reduce Poverty? In Search of the Trickle Down Effect in Rural India Santonu Basu and Sushanta Mallick 17. Strategy for Economic Growth in Brazil: A Post Keynesian Approach José L. Oreiro and Luiz-Fernando de Paula Index
