Description
Book SynopsisThe emergence of New Growth Theory has directed attention to an old problem: what are the forces of economic growth and how can public policy enhance them? This book examines the forces of growth - including spillover effects and externalities, education and formation of human capital, and knowledge creation through deliberate research efforts.
Trade Review"This original work marks a significant contribution to endogenous growth theory for several reasons. Not only does it provide a unified framework within which much of the recent literature can be compared and contrasted, but it extends some of the existing models in interesting and worthwhile ways. Further, it offers a nice balance of theoretical analysis and empirical valuation of the models treated, something still uncommon in economics. The book is a very pleasant read." - Carl Chiarella, University of Technology, Sydney, author of Keynesian Monetary Growth Dynamics in Open Economics; "This well written book is a useful and worthwhile contribution to the growth literature. Growth theorists will be introduced to sophisticated techniques of estimation, and more econometrically oriented readers will be introduced to the major controversies involved in the analysis of growth and its causes and limitations." - James B. Ramsey. New York University, author of Economic Forecasting: Models or Markets?"
Table of Contents*Frontmatter, pg. i*Contents, pg. vii*Figures, pg. ix*Tables, pg. xi*Preface, pg. xiii*CHAPTER 1. Economic Growth in Historical Perspective, pg. 1*CHAPTER 2. Growth Models and Time Series Evidence, pg. 15*CHAPTER 3. Externalities of Investment and Economic Growth, pg. 24*CHAPTER 4. Education and Economic Growth, pg. 52*CHAPTER 5. Knowledge Accumulation and Economic Growth, pg. 81*CHAPTER 6. Endogenous Growth with Public Infrastructure, pg. 100*CHAPTER 7. Economic Growth and Income Inequality, pg. 130*CHAPTER 8. Conclusions, pg. 159*Technical Appendix, pg. 165*Data Sources, pg. 173*Bibliography, pg. 175*Index, pg. 185
