The Causes Of Economic Growth
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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.
On The Causes Of Economic Growth
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Author : Carlos Sabillon
language : en
Publisher: Algora Publishing
Release Date : 2008
On The Causes Of Economic Growth written by Carlos Sabillon and has been published by Algora Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
In a sweeping review of economic history, the author presents the salient facts of booms and slowdowns in the major economies of the world, in 50-year intervals and demonstrates the weakness of orthodox theories. The only factor that consistently causes growth, he shows, is centralized support for manufacturing, which spurs the creation of new technologies, which lead to wealth creation. Since the earliest of times, human beings have endeavored to uncover the causes of prosperity. Step by step, Sabillon tests the principal theories on the causes of economic growth against the facts of history. Here, economic statistics of the world are presented in a rationalized format that allows for comparison across countries and through time, with a challenge to those who study them to determine, with an open mind, what the statistics show and what are the trends -- beyond cherished theories that suit various political purposes. Tested against the historical data, textbook ideas and theories consistently come up short. Such analyses are highly troubling because they reveal an absence of correlation between theory and reality. The data, statistics illustrating the development of the world economy during the last several centuries, were extracted from economic, history and economic history books, from publications of the World Bank, the Organization for Economic Cooperation and Development, the International Monetary Fund, the World Trade Organization, the United Nations specialized agencies, research institutes and country statistical publications, and other books and journals. Analyzing the data over geography and time, Sabillon concludes that contrary to contemporary wisdom, left to market forces alone the economy will not and does not flourish. Only decisive intervention in support of manufacturing and technological advancement can provide growth. This systematic review of history and test of accepted dogma challenges economic theorists to consider one part of the equation of economic policy that has been wiped off the blackboard in today s politically-correct debates.
Sharp Instrument A Stab At Identifying The Causes Of Economic Growth
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Author : Reda Cherif
language : en
Publisher: International Monetary Fund
Release Date : 2018-05-21
Sharp Instrument A Stab At Identifying The Causes Of Economic Growth written by Reda Cherif 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 2018-05-21 with Business & Economics categories.
We shed new light on the determinants of growth by tackling the blunt and weak instrument problems in the empirical growth literature. As an instrument for each endogenous variable, we propose average values of the same variable in neighboring countries. This method has the advantage of producing variable-specific and time-varying—namely, “sharp”—and strong instruments. We find that export sophistication is the only robust determinant of growth among standard growth determinants such as human capital, trade, financial development, and institutions. Our results suggest that other growth determinants may be important to the extent they help improve export sophistication.
Economic Growth And Distribution
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Author : Neri Salvadori
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006-01-01
Economic Growth And Distribution written by Neri Salvadori 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 2006-01-01 with Business & Economics categories.
Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian-Kaleckian-Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; the role on institutions.
Economic Growth
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Author : Edward A. Hudson
language : en
Publisher: Vernon Press
Release Date : 2020-10-06
Economic Growth written by Edward A. Hudson and has been published by Vernon Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-06 with Business & Economics categories.
How does economic growth work? Beginning with the history of leading countries over the past 2000 years, Economic Growth finds which countries have achieved sustained growth and how they did it. The effects of growth are examined on a human scale. The benefits of growth are enormous in terms of life, health, education, leisure and opportunity, while the downsides can be managed by appropriate policies. Economic Growth develops a new theory of growth. This new theory is based on careful analysis of actual growth; it covers the causes and mechanisms as well as the results of growth. This new theory extends conventional theory by operating at the industry level and by placing demand considerations at the forefront of growth. Demand growth – based on product innovation, marketing, credit and the consumer society – drives the economy forward while supply growth – based on investment and process innovation – sustains the growth in spending and incomes. Growth is not automatic but, in the right conditions, demand and supply expansion work together to generate sustained growth. Economic Growth offers a new view of growth, unique in its combination of historical depth, intellectual clarity and practical relevance. Its original insights will interest academic and professional economists, while its comprehensive treatment and lucid explanations make it an excellent guidebook for anyone interested in economic growth.
Economic Growth
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Author : Philip Arestis
language : en
Publisher: Edward Elgar Publishing
Release Date : 2007-01-01
Economic Growth written by Philip Arestis 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.
Focuses on the nature, causes and features of economic growth across a range of countries and regions. This title covers 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. This enlightening and significant new 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 address 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, and 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.
Understanding Economic Development
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Author : Colin White
language : en
Publisher: Edward Elgar Publishing
Release Date : 2009
Understanding Economic Development written by Colin White 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 2009 with Business & Economics categories.
An invaluable survey of the literature on growth. Colin White argues persuasively and expertly that any attempt to solve the profound mystery of economic growth at the large scales of world history must move beyond the limited vision of neo-classical economic theory, and incorporate the narrative methods and perspectives of history as well. This is a superb overview and critique of contemporary attempts to explain economic growth, and a perceptive re-examination of the whole issue of growth in human history. David Christian, Macquarie University, Australia Colin White transcends a number of false dichotomies in this work. He shows that we need both theory and history in order to comprehend the transition to modern economic growth. He appreciates that this transition was neither inevitable as many theorists argue nor entirely contingent as historical treatments often suggest. He argues that advice to present-day less developed countries should combine a general understanding of the process of transition with detailed analysis of the history and conditions of the country in question. He appreciates that it makes sense to speak of an Industrial Revolution while also recognizing that this was a gradual process that in turn built upon even more gradual changes in earlier centuries in the British economy. Less obviously but importantly he realizes that we can best understand economic growth if we recognize the limitations of each scholarly approach in order to integrate the best of these. Rick Szostak, University of Alberta, Canada This fascinating book considers one of the most important problems in economics: the inception of modern economic development. There is at present no satisfactory explanation of the inception of modern economic development; an excessive focus on either pure theory or on unique histories limits the explanatory power. This book realises the need to integrate the two approaches, moving beyond the proximate causes of economic theory to review the role in an analytic narrative of significant ultimate causes geography, risk environments, human capital, and institutions. Colin White distils the conclusions of a vast literature, drawing from economics, economic history and business and management, exploring economic theory, demonstrating limitations and highlighting alternative approaches. Particular attention is paid to the appropriate role of innovative entrepreneurs and of government, and three case studies illustrate how to build an analytic narrative. Showing how far we can generalise about the determinants of economic development and in particular how to understand the specific determinants in individual countries, this book will prove a stimulating and thought provoking read to academics, students and researchers with an interest in economics and economic development.
Sources Economic Growth United States Alternatives Before Us
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Author : Edward F. Denison
language : en
Publisher:
Release Date : 1962
Sources Economic Growth United States Alternatives Before Us written by Edward F. Denison and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1962 with categories.
Causes Of Growth And Stagnation In The World Economy
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Author : Nicholas Kaldor
language : en
Publisher: Cambridge University Press
Release Date : 1996-04-26
Causes Of Growth And Stagnation In The World Economy written by Nicholas Kaldor and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-04-26 with Business & Economics categories.
In this series of five lectures, Professor Kaldor explores the dynamic forces that govern the growth rate of individual countries and also the growth of the world economy as a closed system. In the first lecture he highlights what he regards as the deficiencies of the Walrasian general equilibrium theory for understanding the process of change in dynamic capitalist economies. In the second lecture he proceeds to an analysis of alternative approaches to growth theory from the classics through Marx to Keynes. In the third lecture an innovative and elegant two-sector model is presented of the interaction between the primary producing sector and industrial sector of the world economy which highlights the importance of an equilibrium terms of trade for maximising the growth of output for the world economy as a whole. In the fourth lecture, the role of foreign trade and the balance of payments is used in the explanation of intercountry growth performance. Finally, in the fifth lecture, Professor Kaldor discusses contemporary economic problems in the world economy. The lectures are followed by an extensive discussion, with contributions from distinguished Italian economists.
The Sources Of Economic Growth In Oecd Countries
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2003-02-25
The Sources Of Economic Growth In Oecd Countries written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-02-25 with categories.
This publication examines the causes of the divergence in growth across the OECD.