The Science Of Economic Development And Growth The Theory Of Factor Proportions
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| Author | : C.C. Onyemelukwe |
| Publisher | : Routledge |
| Total Pages | : 690 |
| Release | : 2016-07-08 |
| Genre | : Business & Economics |
| ISBN | : 1315500116 |
A theoretical framework aiming to facilitate study of development economics. The author presents his theory in three sections: how advanced nations developed; a proposed third dimension, in addition to labour and capital; and why capital accumulation is unnecessary, even potentially harmful.
| Author | : Clement Onyemelukwe |
| Publisher | : Xlibris Corporation |
| Total Pages | : 399 |
| Release | : 2020-01-08 |
| Genre | : Business & Economics |
| ISBN | : 1524536326 |
The Decline of the American Economy is intended to tell Americans that their country’s economy, which fed American power and buoyed up Western civilization in the past two hundred years, is declining. American leaders and politicians, however, refuse to admit that there is a problem. Part of the cause of the problem is politics. It is now a country in which we are seeing the ugly side of democracy where nothing gets done because of partisan politics of democracy. In my mind, however, the greater part of the problem is the failure of US economists to understand and diagnose the country’s basic economic problems. Conventional economics in the US and indeed the West is stale and unable to deal with a world that is getting more technologically complicated every day. For most conventional economists today, the American economy is all about finance: interest rates, inflation, Wall Street indexes, globalization, trade, economic indexes, financial reserves, etc. For those of them who still think analytically, production is made up of only labor and capital, omitting material, despite it being quite oblivious that one cannot produce anything without materials. They continue in the path of increasingly squeezing labor out of production in the name of productivity in order to reinforce the supremacy of finance. These are the basic errors of capitalism. There is the belief that the sum total of the rowdyism of private enterprise creates maximum economic growth and prosperity for all. In the context of capitalism, conventional economists equate capital invested in US dollars as the measure of US economic growth achieved through financial management.
| Author | : Daron Acemoglu |
| Publisher | : Princeton University Press |
| Total Pages | : 1009 |
| Release | : 2008-12-15 |
| Genre | : Business & Economics |
| ISBN | : 1400835771 |
From Nobel Prize–winning economist Daron Acemoglu, an incisive introduction to economic growth Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: https://press.princeton.edu/titles/8970.html For Professors only: To access a complete solutions manual online, email us at: [email protected]
| Author | : Gene M. Grossman |
| Publisher | : MIT Press |
| Total Pages | : 380 |
| Release | : 1993-01-29 |
| Genre | : Business & Economics |
| ISBN | : 9780262570978 |
Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents. Traditional growth theory emphasizes the incentives for capital accumulation rather than technological progress. Innovation is treated as an exogenous process or a by-product of investment in machinery and equipment. Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents.
| Author | : Robert J. Barro |
| Publisher | : MIT Press |
| Total Pages | : 676 |
| Release | : 2003-10-10 |
| Genre | : Business & Economics |
| ISBN | : 9780262025539 |
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.
| Author | : Almas Heshmati |
| Publisher | : Springer |
| Total Pages | : 391 |
| Release | : 2017-05-02 |
| Genre | : Business & Economics |
| ISBN | : 9811044511 |
This book is a collection of studies on economic development and growth in selected African countries. It consists of an introduction/summary and 15 inter-related empirical studies grouped into 5 research areas: women’s empowerment and demand for healthcare; the impact of institutions, aid, inflation and FDI on economic growth; capital structure and bank-loan growth effects; trade, mineral exports and exchange rate; and growth, productivity and efficiency in various industries. While it provides a comprehensive picture of the state of economic development and growth in most parts of the continent, the main focus is on economic development and growth in Ethiopia and Rwanda – two countries undergoing rapid economic and social development.
| Author | : Romain Wacziarg |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 0 |
| Release | : 2018 |
| Genre | : Free trade |
| ISBN | : 9781788111492 |
This compelling two-volume collection presents the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the selection also comprises more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. Prefaced by an original introduction from the editor, the collection will to be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.
| Author | : Emil Malizia |
| Publisher | : Routledge |
| Total Pages | : 313 |
| Release | : 2020-10-05 |
| Genre | : Political Science |
| ISBN | : 1000193934 |
This book offers insights into the process and the practice of local economic development. Bridging the gap between theory and practice it demonstrates the relevance of theory to inform local strategic planning in the context of widespread disparities in regional economic performance. The book summarizes the core theories of economic development, applies each of these to professional practice, and provides detailed commentary on them. This updated second edition includes more recent contributions - regional innovation, agglomeration and dynamic theories – and presents the major ideas that inform economic development strategic planning, particularly in the United States and Canada. The text offers theoretical insights that help explain why some regions thrive while others languish and why metropolitan economies often rise and fall over time. Without theory, economic developers can only do what is politically feasible. This text, however, provides them with a logical tool for thinking about development and establishing an independent basis from which to build the local consensus needed for evidence-based action undertaken in the public interest. Offering valuable perspectives on both the process and the practice of local and regional economic development, this book will be useful for both current and future economic developers to think more profoundly and confidently about their local economy.
| Author | : Ricardo Hausmann |
| Publisher | : MIT Press |
| Total Pages | : 369 |
| Release | : 2014-01-17 |
| Genre | : Business & Economics |
| ISBN | : 0262317737 |
Maps capture data expressing the economic complexity of countries from Albania to Zimbabwe, offering current economic measures and as well as a guide to achieving prosperity Why do some countries grow and others do not? The authors of The Atlas of Economic Complexity offer readers an explanation based on "Economic Complexity," a measure of a society's productive knowledge. Prosperous societies are those that have the knowledge to make a larger variety of more complex products. The Atlas of Economic Complexity attempts to measure the amount of productive knowledge countries hold and how they can move to accumulate more of it by making more complex products. Through the graphical representation of the "Product Space," the authors are able to identify each country's "adjacent possible," or potential new products, making it easier to find paths to economic diversification and growth. In addition, they argue that a country's economic complexity and its position in the product space are better predictors of economic growth than many other well-known development indicators, including measures of competitiveness, governance, finance, and schooling. Using innovative visualizations, the book locates each country in the product space, provides complexity and growth potential rankings for 128 countries, and offers individual country pages with detailed information about a country's current capabilities and its diversification options. The maps and visualizations included in the Atlas can be used to find more viable paths to greater productive knowledge and prosperity.
| Author | : |
| Publisher | : |
| Total Pages | : 904 |
| Release | : 2004 |
| Genre | : Economics |
| ISBN | : |
