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| Material Type: | Internet resource |
|---|---|
| Document Type: | Book, Internet Resource |
| All Authors / Contributors: |
Philippe Aghion; Peter Howitt; Leonardo Bursztyn |
| ISBN: | 9780262012638 0262012634 |
| OCLC Number: | 234257150 |
| Description: | xxii, 495 p. : ill. ; 24 cm. |
| Contents: | pt. 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. |
| Responsibility: | Philippe Aghion and Peter Howitt ; with the collaboration of Leonardo Bursztyn. |
| More information: |
Reviews
Publisher Synopsis
"Aghion and Howitt's work on growth and policy has vastly increased our understanding of endogenous incentives and supportive policies that drive growth in advanced and developing countries. In this important book, they bring their own insights and the insights of other pioneers to bear on the broader context of growth. This book is accessible, fascinating and extremely useful." --Michael Spence, Professor Emeritus, Stanford University, and winner of the 2001 Nobel Prize in Economics "A central puzzle of growth theory is to account for sustained productivity increase in the face of diminishing returns. Aghion and Howitt describe, with great clarity and verve, the main explanations that growth theory has proposed: from denial of the reality of diminishing returns to capital to Schumpeterian creative destruction, with intervening stops for exogenous and endogenous technological progress. An industrious reader can end up poised at the current analytical frontier, prepared to think about open questions and new issues." --Robert Solow, Department of Economics, MIT, and winner of the 1987 Nobel Prize in Economics "Aghion and Howitt have produced a very important and thoughtful book which presents questions, models and answers in a clear and constructive manner. They show how good theory can and should influence both understanding and policy. It will shape the way in which economists think about growth for years ahead." --Nicholas Stern, Lord Stern of Brentford, and IG Patel Professor of Economics and Government, London School of Economics "This text is both a clear and a concise survey of several approaches in the study of economic growth and an excellent introduction to the authors' impressive extensions of the Schumpeterian approach to market innovation and innovation policy." --Edmund S. Phelps, Director, Center on Capitalism and Society, Columbia University, and Winner of the 2006 Nobel Prize in Economics "These authors, at least as much as anyone else, have made growth economics what it is today. They have now devoted time and effort into making that material broadly accessible. What more could we ask for?" --Abhijit V. Banerjee, Department of Economics, MIT "A fascinating tour through the frontier research on economic growth with a key question: 'Which policies and institutions promote and which hinder the transition from poverty to prosperity?' The authors do not believe in one-size-fits-all recipes, and take the complexity of economic development into modern growth theory." --Fabrizio Zilibotti, Department of Economics, University of Zurich "The Economics of Growth by Philippe Aghion and Peter Howitt is an excellent introduction to the exciting field of economic growth. It will challenge and motivate students and researchers." --Daron Acemoglu, Charles P. Kindleberger Professor of Applied Economics, MIT Read more...
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