Author: Xavier SALA-I-MARTINPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
LECTURE NOTES ON ECONOMIC GROWTH : FIVE PHOTOTYPE MODELS OF ENDOGENOUS GROWTH
Author: Xavier SALA-I-MARTINLecture Notes on Economic Growth (II)
Author: Xavier Sala i MartinPublisher:
ISBN:
Category : Economic development
Languages : en
Pages : 45
Book Description
LECTURE NOTES ON ECONOMIC GROWTH: FIVE PROTOTYPE MODELS OF ENDOGENOUS GROWTH. VOLUME II
Author: Xavier SALA-I-MARTINLecture notes on economic growth (II)
Author: Xavier Sala i MartÃnPublisher:
ISBN:
Category :
Languages : es
Pages : 45
Book Description
Five Prototype Models of Endogenous Growth
Author: Five Prototype Models of Endogenous Growth
Author: Xavier Sala-i-MartinLecture Notes on Economic Growth (I)
Author: Xavier Sala-i-MartinPublisher:
ISBN:
Category : Economic development
Languages : en
Pages : 68
Book Description
This is a survey of the literature on Economic Growth. In the introduction we analyze the main differences between exogenous and endogenous growth models using fixed savings rate analysis. We argue that in order to have endogenous growth there must be constant returns to the factors that can be accumulated. A graphical tool is then developed to show that changes in the savings rate have different effects on long run growth in the two kinds of models; we show that only endogenous growth models are affected by shifts in the savings rate. We then explore two versions of the Raasey-Cass-Koopmans neoclassical model where savings are determined optimally; one with exogenous productivity growth and one without.
The Forces of Economic Growth
Author: Alfred GreinerPublisher: Princeton University Press
ISBN: 0691170967
Category : Business & Economics
Languages : en
Pages : 203
Book Description
In economics, the emergence of New Growth Theory in recent decades has directed attention to an old and important problem: what are the forces of economic growth and how can public policy enhance them? This book examines major forces of growth--including spillover effects and externalities, education and formation of human capital, knowledge creation through deliberate research efforts, and public infrastructure investment. Unique in emphasizing the importance of different forces for particular stages of development, it offers wide-ranging policy implications in the process. The authors critically examine recently developed endogenous growth models, study the dynamic implications of modified models, and test the models empirically with modern time series methods that avoid the perils of heterogeneity in cross-country studies. Their empirical analyses, undertaken with newly constructed time series data for the United States and some core countries of the Euro zone, show that models containing scale effects, such as the R&D model and the human capital model, are compatible with time series evidence only after considerable modifications and nonlinearities are introduced. They also explore the relationship between growth and inequality, with particular focus on technological change and income disparity. The Forces of Economic Growth represents a comprehensive and up-to-date empirical time series perspective on the New Growth Theory.
Lecture Notes on Economic Growth (II)
Author: Xavier Sala-i-MartinPublisher:
ISBN:
Category : Economic development
Languages : en
Pages : 64
Book Description
This paper explores the five simplest models of endogenous growth. We start with the AK model (Rebelo (1990)) and argue that all endogenous growth models can be viewed as variations or microfoundations of it. We then examine the Barro (1990) model of government spending and growth. Next we look at the Arrow-Sheshinskj-Romer model of learning by doing and externalities. The Lucas (1988) model of human capital accumulation is then considered. Finally, we present a simple model of R & D and growth.
Lecture Notes on Economic Growth
Author: Xavier Sala-i-MartinPublisher:
ISBN:
Category : Economic development
Languages : en
Pages : 54
Book Description