000			03660nam a2200277Ia 4500
001			1880
008			230305s2008 xx 000 0 und d
020			_a9788120340640
040			_cTBS
041			_aeng
043			_aen_UK
050			_aHD82 _b.A5452
245		4	_aThe economics of growth _c/ Aghion Philippe, Howitt Peter
260			_bCambridge, Mass. : MIT Press, 2009. _c2008
300			_a495 pages : illustrations ; 23 cm.
504			_aIncludes bibliographical references (p. [457]-475) and index.
505			_apt. 1. Basic paradigms of growth theory -- Neoclassical Growth Theory -- The AK model -- Product variety -- The Schumpeterian model -- Capital, innovation, and growth accounting -- pt. 2. Understanding the growth process -- Finance and growth -- Technology transfer and cross-country convergence -- Market size and directed technical change -- General-purpose technologies -- Stages of growth -- Institutions and nonconvergence traps -- pt. 3. Growth policy -- Fostering competition and entry -- Investing in education -- Reducing volatility and risk -- Liberalizing trade -- Preserving the environment -- Promoting democracy -- Looking ahead: Culture and development -- Appendix: Basic elements of econometrics -- A.1. The simple regression model -- A.2. The ordinary least squares estimator -- A.3. Multiple regression analysis -- A.4. Inference and hypothesis testing -- A.5. How to deal with the endogeneity problem -- A.6. Fixed-effects regressions -- A.7. Reading a regression table.
520			_aThis comprehensive introduction to economic growth presents the main facts and puzzles about growth, and proposes simple methods and models needed to explain these facts. It acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory; the reader need not master all the subtleties of dynamic programming and stochastic processes to learn what is essential about such issues as cross-country convergence, the effects of financial development on growth, and the consequences of globalization. The book, which grew out of courses taught by the authors at Harvard and Brown universities, can be used both by advanced undergraduate and graduate students, and as a reference for professional economists in government or international financial organizations. The Economics of Growth first presents the main growth paradigms: the neoclassical model, the AK model, Romer's product variety model, and the Schumpeterian model. The text then builds on the main paradigms to shed light on the dynamic process of growth and development, discussing such topics as club convergence, directed technical change, the transition from Malthusian stagnation to sustained growth, general purpose technologies. It also discusses the recent debate over institutions versus human capital as the primary factor in cross-country income differences. Finally, the book focuses on growth policies — analyzing the effects of liberalizing market competition and entry, education policy, trade liberalization, environmental and resource constraints, and stabilization policy — and the methodology of growth policy design.
526			_aBibliography from B1 Economics for Managers
590			_bBR B1 Economics For Managers
650		0	_aEconomic development _99035
653			_aBibliography B1 Economics for Managers
700			_aHowitt, Peter _eauthor _921492
700			_aAghion, Philippe _eauthor _921493
942			_2lcc
999			_c1832 _d1832