Description
Book SynopsisThis 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 asliberalization, 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-chaptersummaries and review questions, provides an ideal introduction to the topic.
Trade Review"very good summary of main growth topic", Dr Durmis Ozdemir, Istanbul Bilyr University
Table of ContentsChapter 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 ; Chapter 2: Roots and Branches ; The first revolution: Adam Smith; Adam Smith's followers; Enter mathematics: Harrod and Domar; The second revolution: The neo-classical model; The third revolution: Endogenous growth; summary ; Chapter 3: Quantity and Quality ; Endogenous growth and technology; endogenous growth accounting; The level of income with endogenous growth; The neo-classical model again; How strong? How long?; Exogenous growth illustrated; How much to save; Optimal growth in figures; summary ; Chapter 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 ; Chapter 5: Reforms and Growth ; Unemployment and growth; Some obstacles to reform and growth; In conclusion ; Appendices ; The Harrod-Domar Model; The Solow Model: Exogenous Growth; Endogenous Growth; More on Endogenous Growth; More on Exogenous Growth; Optimal Saving and Growth; Liberalization, Efficiency and Growth; Stabilization, Efficiency and Growth; Privatization, Efficiency and Growth; Education, Taxes and Growth ; References ; Cast of Characters
