Structural Dynamics and Economic Growth

Structural Dynamics and Economic Growth
Title Structural Dynamics and Economic Growth PDF eBook
Author Richard Arena
Publisher Cambridge University Press
Pages 309
Release 2012-05-03
Genre Business & Economics
ISBN 1107015960

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Ever since Adam Smith, economists have been preoccupied with the puzzle of economic growth. The standard mainstream models of economic growth were and often still are based either on assumptions of diminishing returns on capital with technological innovation or on endogenous dynamics combined with a corresponding technological and institutional setting. An alternative model of economic growth emerged from the Cambridge School of Keynesian economists in the 1950s and 1960s. This model - developed mainly by Luigi Pasinetti - emphasizes the importance of demand, human learning and the growth dynamics of industrial systems. Finally, in the past decade, new mainstream models have emerged incorporating technology or demand-based structural change and extending the notion of balanced growth. This collection of essays reassesses Pasinetti's theory of structural dynamics in the context of these recent developments, with contributions from economists writing in both the mainstream and the Cambridge Keynesian traditions and including Luigi Pasinetti, William Baumol, Geoffrey Harcourt and Nobel laureate Robert Solow.

The Dynamics of Socio-Economic Development

The Dynamics of Socio-Economic Development
Title The Dynamics of Socio-Economic Development PDF eBook
Author Adam Szirmai
Publisher Cambridge University Press
Pages 760
Release 2005-01-20
Genre Business & Economics
ISBN 1107717566

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Why are poor countries poor and rich countries rich? How are wealth and poverty related to changes in nutrition, health, life expectancy, education, population growth and politics? This modern, non-technical 2005 introduction to development studies explores the dynamics of socio-economic development and stagnation in developing countries. Taking a quantitative and comparative approach to contemporary debates within their broader context, Szirmai examines historical, institutional, demographic, sociological, political and cultural factors. Key chapters focus on economic growth, technological change, industrialisation, agricultural development, and consider social dimensions such as population growth, health and education. Each chapter contains comparative statistics on trends from a sample of twenty-nine developing countries. This rich statistical database allows students to strengthen their understanding of comparative development experiences. Assuming no prior knowledge of economics the book is suited for use in inter-disciplinary development studies programmes as well as economics courses, and will also interest practitioners pursuing careers in developing countries.

A Theory of Economic Growth

A Theory of Economic Growth
Title A Theory of Economic Growth PDF eBook
Author David de la Croix
Publisher Cambridge University Press
Pages 400
Release 2002-10-24
Genre Business & Economics
ISBN 9780521001151

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This book provides an in-depth treatment of the overlapping generations model in economics incorporating production.

Economic Growth and Macroeconomic Dynamics

Economic Growth and Macroeconomic Dynamics
Title Economic Growth and Macroeconomic Dynamics PDF eBook
Author Steve Dowrick
Publisher Cambridge University Press
Pages 206
Release 2004-05-31
Genre Business & Economics
ISBN 9781139452342

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The development of the endogenous growth model rekindled interest in growth theory. In contrast to the neo-classical model, long-run endogenous growth emerged as an equilibrium outcome, reflecting the behaviour of optimizing agents in the economy. This book brings together a number of contributions in growth theory and macroeconomic dynamics, reflecting these developments and the ongoing debate over the relative merits of neo-classical and endogenous growth models. It focuses on the emergence of three important aspects: First, it develops growth models that extend the underlying theory in different directions. Second, it addresses one of the concerns of the literature on growth and dynamics: the statistical properties of underlying data and the effort to ensure that growth models are consistent with empirical evidence. Third, it discusses the increasingly international focus of macrodynamics and growth theory, an inevitable consequence of the integration of the world economy.

The Dynamics of Deforestation and Economic Growth in the Brazilian Amazon

The Dynamics of Deforestation and Economic Growth in the Brazilian Amazon
Title The Dynamics of Deforestation and Economic Growth in the Brazilian Amazon PDF eBook
Author Lykke E. Andersen
Publisher Cambridge University Press
Pages 288
Release 2002-12-12
Genre Business & Economics
ISBN 9780521811972

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A multi-disciplinary team of authors analyze the economics of Brazilian deforestation using a large data set of ecological and economic variables. They survey the most up to date work in this field and present their own dynamic and spatial econometric analysis based on municipality level panel data spanning the entire Brazilian Amazon from 1970 to 1996. By observing the dynamics of land use change over such a long period the team is able to provide quantitative estimates of the long-run economic costs and benefits of both land clearing and government policies such as road building. The authors find that some government policies, such as road paving in already highly settled areas, are beneficial both for economic development and for the preservation of forest, while other policies, such as the construction of unpaved roads through virgin areas, stimulate wasteful land uses to the detriment of both economic growth and forest cover.

Transitional Dynamics and Economic Growth in Developing Countries

Transitional Dynamics and Economic Growth in Developing Countries
Title Transitional Dynamics and Economic Growth in Developing Countries PDF eBook
Author Thomas Steger
Publisher Springer
Pages 168
Release 2000-08-04
Genre Business & Economics
ISBN

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Four stylised facts of aggregate economic growth are set up initially. The growth process is interpreted to represent transitional dynamics rather than balanced-growth equilibria. Against this background, the fundamental importance of subsistence consumption is comprehensively analysed. Subsequently, the meaning of the productive-consumption hypothesis for the intertemporal consumption trade-off and the growth process is investigated. Finally, the process of growth is analysed empirically by means of cross-sectional conditional convergence regressions with endogenous control variables.

The Dynamics of Growth in Emerging Economies

The Dynamics of Growth in Emerging Economies
Title The Dynamics of Growth in Emerging Economies PDF eBook
Author Arzu Akkoyunlu Wigley
Publisher Routledge
Pages 345
Release 2018-12-19
Genre Business & Economics
ISBN 0429790732

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How can Turkey increase its medium- and long-term growth potential? Despite episodes of fast growth, this has become a vital question for the Turkish economy, in order to avoid being stuck in a middle-income trap. There has been an increase in the number of studies presenting growth in Turkey and quantifying the sources of economic growth, however, due to the difference in the main underlying assumptions and the time period covered in these studies, the results differ. The second strand of literature on growth in Turkey identifies the relative underperformance of the Turkish economy by developing models with microeconomic foundations. Given the fact that there are a large number of studies investigating the macro dynamics of growth in Turkey, the book’s unique focus on the "neglected" issues in growth discussions closes the gap in the existing literature. It addresses the micro, macro, regional, and gender aspects, the environment–energy–growth nexus, as well as the microeconomic dynamics of growth. It also analyses the other significant determinants of long run growth in Turkey such as import dependency and saving-investment decision. The authors provide a macro overview of all of the precluded subjects in order to evaluate them in relation to one other, as well as to derive policy conclusions from them. This book primarily targets academics as well as graduate and undergraduate social sciences and humanities students both in Turkey and other countries. It is also a must read for researchers and policy makers not only in Turkey but also in other developing economies and is of interest to specialists of non-governmental and non-profit organizations.