Forces of Economic Growth
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€121.99
A01=Alfred Greiner
A01=Gang Gong
A01=Willi Semmler
Aggregate income
Author_Alfred Greiner
Author_Gang Gong
Author_Willi Semmler
Business cycle
Capital accumulation
Capital adequacy ratio
Capital employed
Capital formation
Capital good
Capital intensity
Capital market
Capital Share
Capitalism
Category=KCA
Category=KCM
Competition (economics)
Consumption (economics)
Convergence (economics)
Crowding out (economics)
Developed country
Developing country
Economic development
Economic equilibrium
Economic growth
Economic inequality
Economic policy
Economic surplus
Economics
Economy
Economy of the United States
Elasticity of substitution
Emerging technologies
Endogenous growth theory
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
Exchange economy
Externality
Factors of production
Fiscal policy
Government debt
Growth Rates
Human capital
Income
Income distribution
Industrialisation
Investment
Investment goods
Keynesian economics
Macroeconomics
Marginal cost
Marginal product
Marginal product of capital
Market concentration
Market economy
Market power
Measures of national income and output
Neoclassical economics
Optimal tax
Organisation for Economic Co-operation and Development
Physical capital
Population growth
Production function
Productivity
Public capital
Public expenditure
Real interest rate
Real Rate Of Return
Research and development
Supply (economics)
Supply and demand
Tax revenue
Technical progress (economics)
Time series
Total factor productivity
Value (economics)
World economy
Product details
- ISBN 9780691119182
- Weight: 454g
- Dimensions: 152 x 235mm
- Publication Date: 02 Jan 2005
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Hardback
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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.
Alfred Greiner is Professor of Economics at Bielefeld University, in Bielefeld, Germany. Willi Semmler is Professor of Economics at New School University and at the Center for Empirical Economics at Bielefeld University. He is the author of "Asset Prices, Booms, and Recessions," coauthor of "Disequilibrium, Growth, and Labor Market Dynamics" and coeditor of the series "Dynamic Modelling and Econometrics in Economics and Finance". Gang Gong is Associate Professor of Economics and Management at Tsinghua University in Beijing, China.
