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A Contribution to the Empirics of Economic Growth

1990 Capital investments
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Release : 1990
Genre : Capital investments
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Book Synopsis A Contribution to the Empirics of Economic Growth by : N. Gregory Mankiw

Download or read book A Contribution to the Empirics of Economic Growth written by N. Gregory Mankiw. This book was released on 1990. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines whether the Solow growth model is consistent with the international variation in the standard of living. It shows that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data. The model explains about 80 percent of the international variation in income per capita, and the estimated influences of physical-capital accumulation, human-capital accumulation, and population growth confirm the model's predictions. The paper also examines the implications of the Solow model for convergence in standards of living -- that is, for whether poor countries tend to grow faster than rich countries. The evidence indicates that, holding population growth and capital accumulation constant, countries converge at about the rate the augmented Solow model predicts.

A Contribution to the Empirics of Economic Development

2018-06-08 Business & Economics
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Release : 2018-06-08
Genre : Business & Economics
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Book Rating : 721/5 ( reviews)

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Book Synopsis A Contribution to the Empirics of Economic Development by : Klaus Gründler

Download or read book A Contribution to the Empirics of Economic Development written by Klaus Gründler. This book was released on 2018-06-08. Available in PDF, EPUB and Kindle. Book excerpt: Why are some nations rich and others poor? What are the sources of long-run economic development and growth? How can living standards be increased? In this book, Klaus Gründler empirically analyses these central economic questions and puts a particular emphasis on the role of technology, inequality, and political institutions. To substantiate his empirical studies, he introduces a new method to compute composite measures and indices that is based on mathematical algorithms from the field of machine learning.

A Contribution to the Empirics of Economic and Human Development

2009 Business & Economics
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Release : 2009
Genre : Business & Economics
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Book Synopsis A Contribution to the Empirics of Economic and Human Development by : Sebastian Vollmer

Download or read book A Contribution to the Empirics of Economic and Human Development written by Sebastian Vollmer. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt: This book contributes to the empirical literature on economic and human development from five different perspectives: the first chapter provides a new statistical test for bimodality of densities with an application to income data. The second chapter analyzes the worlds cross-country distribution of income and challenges the so called Twin Peaks-claim. The third chapter focuses on the world income distribution and resulting implications for poverty reduction, pro-poor growth and the evolution of global inequality. The fourth chapter estimates the welfare effects of recently negotiated Economic Partnership Agreements between the EU and African countries. Finally, the fifth chapter investigates whether democracy leads to higher levels of health and education.

A General Theory of Economic Development

2017-06-30 Capitalism
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Release : 2017-06-30
Genre : Capitalism
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Book Rating : 994/5 ( reviews)

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Book Synopsis A General Theory of Economic Development by : Sung-Hee Jwa

Download or read book A General Theory of Economic Development written by Sung-Hee Jwa. This book was released on 2017-06-30. Available in PDF, EPUB and Kindle. Book excerpt: This book makes the bold attempt at proposing a new general theory of economic development. The main premise is that economic institutions and policies must embody ‘economic discrimination’ if there is to be any chance of real economic development. By economic discrimination, the author means ‘treating differences differently’ by selecting and supporting economic entities and behaviour that contribute positively to the economy. The book identifies markets, government and corporations as the ‘holy trinity of economic development’, that is, the three most important institutions that must work together via economic discrimination to steer the economy towards real transformative progress. The book also warns against the current trend of economic egalitarianism or ‘not treating differences differently’ because it destroys economic incentives and results in an array of economic problems including growth stagnation.

Development Theory and the Economics of Growth

2001 Business & Economics
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Release : 2001
Genre : Business & Economics
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Book Rating : 478/5 ( reviews)

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Book Synopsis Development Theory and the Economics of Growth by : Jaime Ros

Download or read book Development Theory and the Economics of Growth written by Jaime Ros. This book was released on 2001. Available in PDF, EPUB and Kindle. Book excerpt: Why are some countries richer than others? Why do some economies grow so much faster than others do? Do economies tend to converge at similar levels of per capita income? Or is catching up simply impossible? These questions have vast implications for human welfare. After a period of lack of interest in growth theory, they are back on the research agenda of mainstream economics. They have also been at the heart of development economics since its inception some decades ago. This book endeavors to answer such questions by blending classical contributions to development theory with recent developments in the economics of growth. The unifying theme is that early theoretical insights and accumulated empirical knowledge of development economics have much to offer to research in the theory and empirics of economic growth. With the help of a number of recent contributions, the ideas and insights of the classical literature in development economics can be given simple and rigorous formulations. Together, they amount to an approach to growth theory that can overcome the long-recognized empirical shortcomings of neoclassical growth economics, while being free from the objections that can be raised against the new brand of endogenous growth theory. In addition to an original thesis on the contribution that early development theory can make to the research program of modern growth economics, the book provides professional and research economists and graduate students with an evaluation of the strengths and limitations of the different strands of inquiry in the modern economics of growth. In addition it presents findings on comparative growth performance across countries. Jaime Ros is Professor of Economics and Faculty Fellow of the Helen Kellogg Institute of International Studies, University of Notre Dame.

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