Growth Accounting And Growth Processes
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Growth Accounting And Growth Processes
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Author : Mr.Jahangir Aziz
language : en
Publisher: International Monetary Fund
Release Date : 1996-10-01
Growth Accounting And Growth Processes written by Mr.Jahangir Aziz and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-10-01 with Business & Economics categories.
The standard growth accounting framework, which weights various inputs by their factor shares to measure their contributions to output growth, is known to underestimate the contribution of inputs in the presence of externalities and increasing returns. This paper develops a model in which, in the absence of such departures from the standard neoclassical framework, growth can occur through either embodied technological progress or firms replication of existing technology. The standard growth accounting framework fails to distinguish between these contrasting development processes. This failure thus reveals another limitation to the use of growth accounting in identifying the processes of economic developments.
The Economics Of Growth
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Author : Philippe Aghion
language : en
Publisher: MIT Press
Release Date : 2008-12-19
The Economics Of Growth written by Philippe Aghion and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-19 with Business & Economics categories.
A comprehensive, rigorous, and up-to-date introduction to growth economics that presents all the major growth paradigms and shows how they can be used to analyze the growth process and growth policy design. 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 treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory; the reader need not master all the subtleties of dynamic programming and stochastic processes to learn what is essential about such issues as cross-country convergence, the effects of financial development on growth, and the consequences of globalization. The book, which grew out of courses taught by the authors at Harvard and Brown universities, can be used both by advanced undergraduate and graduate students, and as a reference for professional economists in government or international financial organizations. The Economics of Growth first presents the main growth paradigms: the neoclassical model, the AK model, Romer's product variety model, and the Schumpeterian model. The text then builds on the main paradigms to shed light on the dynamic process of growth and development, discussing such topics as club convergence, directed technical change, the transition from Malthusian stagnation to sustained growth, general purpose technologies, and the recent debate over institutions versus human capital as the primary factor in cross-country income differences. Finally, the book focuses on growth policies—analyzing the effects of liberalizing market competition and entry, education policy, trade liberalization, environmental and resource constraints, and stabilization policy—and the methodology of growth policy design. All chapters include literature reviews and problem sets. An appendix covers basic concepts of econometrics.
Sources Of Economic Growth
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Author : Mr.Abdelhak Senhadji
language : en
Publisher: International Monetary Fund
Release Date : 1999-06-01
Sources Of Economic Growth written by Mr.Abdelhak Senhadji and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-06-01 with Business & Economics categories.
A growth accounting exercise is conducted for 88 countries for 1960-94 to examine the source of cross-country differences in total factor productivity (TFP) levels. Two differences distinguish this analysis from that of the related literature. First, the critical technology parameter—the share of physical capital in real output—is econometrically estimated and the usual assumption of identical technology across regions is relaxed. Second, while the few studies on the determinants of cross-country differences in TFP have focused on growth rates of real output this analysis is on levels. Recent theoretical as well as empirical arguments point to the level of TFP as the more relevant variable to explain.
Economic Growth
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Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-03-26
Economic Growth written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-26 with Business & Economics categories.
What is Economic Growth Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP). How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Economic growth Chapter 2: Gross domestic product Chapter 3: Macroeconomics Chapter 4: Growth accounting Chapter 5: Capital intensity Chapter 6: Endogenous growth theory Chapter 7: Productivity Chapter 8: Convergence (economics) Chapter 9: Kuznets curve Chapter 10: Solow residual Chapter 11: Total factor productivity Chapter 12: Solow-Swan model Chapter 13: Development theory Chapter 14: Income and fertility Chapter 15: Oded Galor Chapter 16: Economic impact of HIV/AIDS Chapter 17: Education economics Chapter 18: Technological theory of social production Chapter 19: Eco-economic decoupling Chapter 20: Galor-Zeira model Chapter 21: Effects of economic inequality (II) Answering the public top questions about economic growth. (III) Real world examples for the usage of economic growth in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economic Growth.
Human Capital And Economic Growth
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Author : Andreas Savvides
language : en
Publisher: Stanford University Press
Release Date : 2008-10-10
Human Capital And Economic Growth written by Andreas Savvides and has been published by Stanford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-10-10 with Business & Economics categories.
This book provides an in-depth investigation of the link between human capital and economic growth. The authors take an innovative approach, examining the determinants of economic growth through a historical overview of the concept of human capital. The text fosters a deep understanding of the connection between human capital and economic growth through the exploration of different theoretical approaches, a review of the literature, and the application of nonlinear estimation techniques to a comprehensive data set. The authors discuss nonparametric econometric techniques and their application to estimating nonlinearities—which has emerged as one of the most salient features of empirical work in modeling the human capital-growth relationship, and the process of economic growth in general. By delving into the topic from theoretical and empirical standpoints, this book offers an insightful new view that will be extremely useful for scholars, students, and policy makers.
Technical Progress And Economic Growth
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Author : Ranald J. Taylor
language : en
Publisher: Edward Elgar Publishing
Release Date : 2007-01-01
Technical Progress And Economic Growth written by Ranald J. Taylor and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-01 with Business & Economics categories.
"This innovative book accumulates the various, and often conflicting, growth theories, which enable a greater understanding of growth processes in the developing world. It will be of interest to students of development studies, Asia studies and public policy, as well as to research scholars and practitioners, including government officials and policymakers."--BOOK JACKET.
Economic Growth Second Edition
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Author : Robert J. Barro
language : en
Publisher: MIT Press
Release Date : 2003-10-10
Economic Growth Second Edition written by Robert J. Barro and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-10-10 with Business & Economics categories.
The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.
Capital Fundamentalism Economic Development And Economic Growth
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Author : Robert Graham King
language : en
Publisher: World Bank Publications
Release Date : 1994
Capital Fundamentalism Economic Development And Economic Growth written by Robert Graham King and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Capital categories.
Should our research and policy advice be guided by a modern version of capital fundamentalism, in which capital and investment are viewed as the primary determinants of economic development and long- run growth? No. Capital accumulation seems to be part of the process of economic development, not its igniting source.
The Growth Process In East Asian Manufacturing Industries
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Author : Chia-Hung Sun
language : en
Publisher: Edward Elgar Publishing
Release Date : 2004-01-01
The Growth Process In East Asian Manufacturing Industries written by Chia-Hung Sun and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-01 with Business & Economics categories.
Although it has been previously accepted that Hong Kong, Japan, Korea, Singapore, and Taiwan have achieved the 'economic miracle' of maintaining high economic growth for several decades prior to the Asian financial crisis, recent literature has now cast doubt upon this economic supposed success. Attempting to overcome methodological limitations and underlying assumptions of other studies, The Growth Process in East Asian Manufacturing Industries re-examines the role of total factor productivity (TFP) growth and aims to identify the sources of output growth in these East Asian economies. Chia-Hung Sun aims to explain how TFP growth differs from technological progress, and demonstrates why this study favours the use of the varying coefficients frontier model rather than the conventional scholastic frontier approach. He goes on to statistically test whether manufacturing industries in East Asia homogeneously applied the best practice production technology, and investigates the TFP growth slowdown in East Asian manufacturing sectors.
The Causes Of Economic Growth
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Author : Rick Szostak
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-03-02
The Causes Of Economic Growth written by Rick Szostak and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-03-02 with Business & Economics categories.
What are the causes of economic growth? As billions of people still live in poverty, this is perhaps the most important question in human science. It is also a very complex one, as rates of economic growth are influenced by a multitude of economic as well as political, geographical and sociological factors. This books attempts to advance a nuanced understanding of the process of economic growth by synthesizing the insights of several social science disciplines. Different theories and methods employed by economists and other social scientists to study the causes of economic growth are analyzed and it is shown how and why those insights should be integrated by applying best-practice techniques of interdisciplinary analysis. Scholars and practitioners are thus provided with a wide array of potential strategies for encouraging growth as well as guidance on how these strategies may interact.