Growth and distribution:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass. [u.a.]
Harvard Univ. Press
1999
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVII, 355 S. graph. Darst. |
| ISBN: | 0674364201 |
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| 245 | 1 | 0 | |a Growth and distribution |c Duncan K. Foley and Thomas R. Michl |
| 264 | 1 | |a Cambridge, Mass. [u.a.] |b Harvard Univ. Press |c 1999 | |
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Record in the Search Index
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|---|---|
| adam_text | Contents
Preface
xv
Notation xvi
1
Introduction
1
1.1
Economie
Growth in
Historical Perspective
.................... 1
1.2
Quality and Quantity
.................... 3
1.3
Human Relationships
.................... 4
1.4
Economic Theories of Growth
............... 5
1.5
Suggested Readings
..................... 9
2
Measuring Growth and Distribution
10
2.1
Measuring Output and Inputs
............... 10
2.2
Time and Production
.................... 13
2.3
A Note on Units
....................... 14
2.4
Technology in the Real World
............... 15
2.5
The Uses of Output:
Investment and Consumption
............... 18
2.6
The Social Consumption-Growth Rate
Schedule
........................... 19
2.7
The Distribution of Income:
Wages and Profit
...................... 23
2.8
The Real Wage-Profit Rate Schedule
........... 25
2.9
Income Shares
........................ 27
2.10
The Growth-Distribution Schedule
............ 29
2.11
Changes in Labor and
Capital Productivity
.................... 31
viii CONTENTS
2.12
Comparing Economies
................... 34
2.13
Global Economic Leadership
................ 35
2.14
Labor Productivity Growth in
Real Economies
....................... 37
2.15
Stylized Facts
........................ 39
2.16
Suggested Readings
..................... 41
3
Models of Production
43
3.1
Accounting Frameworks and
Explanatory Models
..................... 43
3.2
A Model of Production
................... 44
3.3
Agents and Distribution
.................. 45
3.4
Choice of Technique and
Production Functions
.................... 47
3.5
Particular Production Functions
.............. 52
3.5.1
The
Leontief
production function
......... 52
3.5.2
The Cobb-Douglas production function
...... 53
3.6
Classifying Technical Change
................ 58
3.7
Two-sector Growth-Distribution
Schedules
........................... 61
3.8
Models of Production and
Models of Growth
...................... 67
3.9
Suggested Readings
..................... 67
4
The Labor Market
68
4.1
Models of Economic Growth
................ 68
4.2
Labor Supply and Demand
................. 70
4.3
The Classical Conventional Wage Model
......... 71
4.4
The Neoclassical Full Employment
Model
............................ 76
4.5
Toward a Model of Economic Growth
........... 79
4.6
Growth in Real Economies
................. 80
4.7
Suggested Readings
..................... 82
5
Models of Consumption and Saving
83
5.1
A Two-Period Consumption-Saving
Model
............................ 84
5.1.1
Solving the two-period consumption problem
. . . 86
CONTENTS ix
5.2 An
Infinite-Horizon
Model................. 89
5.2.1
Solving the infinite-horizon problem
........ 91
5.3
The Constant Saving Rate Model
............. 93
5.4
Saving Rates and Growth Rates
.............. 94
5.5
Suggested Readings
..................... 96
6
Classical Models of Economic Growth
97
6.1
The Classical Conventional Wage Model
......... 97
6.2
Comparative Dynamics in the
Conventional Wage Model
.................101
6.3
Labor-Saving Technical Change
in the Classical Model
...................104
6.4
Choice of Technique
in the Classical Model
...................108
6.5
A Classical Model of Growth
with Full Employment
...................110
6.6
Choice of Technique in the
Classical Full-Employment Model
.............114
6.7
The Classical Approach to Growth
............116
6.8
Suggested Readings
.....................116
7
Biased Technical Change
in the Classical Model
117
7.1
The Classical Conventional Wage Share
Model with Biased Technical Change
...........117
7.2
Viability of Technical Change
...............120
7.3
Biased Technical Change and the
Fossil Production Function
.................123
7.4
Convergence and the Classical Model
...........127
7.5
One Vision of Economic Growth
..............134
7.6
Suggested Readings
.....................134
8
The Neoclassical Growth Model
136
8.1
The Solow-Swan Model
...................136
8.2
The Intensive Production Function
............137
8.3
Saving, Population, and
Steady State Growth
....................138
8.4
The Solow-Swan Model and
the Growth-Distribution Schedule
.............143
χ
CONTENTS
8.5
The Complete Model
....................145
8.6
Substitution and Distribution
...............146
8.7
Comparative Dynamics
...................149
8.8
Transitional Dynamics
...................151
8.9
Limitations of the Solow-Swan Model
...........152
8.10
Suggested Readings
.....................153
9
Technical Change in the Neoclassical Model
155
9.1
Technical Change and
the Production Function
..................155
9.2
The Solow-Swan Model with
Harrod-Neutral Technical Change
.............158
9.3
Growth Accounting
.....................160
9.4
Classical and Neoclassical
Interpretations of the Residual
...............164
9.5
Comparative Steady State Dynamics
in the Solow-Swan Model
.................165
9.6
Transitional Dynamics
in the Solow-Swan Model
.................170
9.7
Suggested Readings
.....................174
10
Investment Constrained Economic Growth
176
10.1
Saving, Investment, and Output
..............176
10.2
A Model of Investment Constrained
Growth
............................177
10.3
Equilibrium in the
Investment Constrained Model
...............183
10.4
Comparative Dynamics in the
Investment Constrained model
...............185
10.5
Profit-Led or Wage-Led Growth?
.............188
10.6
Long Run or Short Run?
..................190
10.7
The Keynesian Contribution to
Growth Theory
.......................193
10.8
Suggested Readings
.....................194
11
Land-Limited Growth
197
11.1
Non-
Reproducible Resources
................197
11.2
Ricardo s Stationary State
.................198
CONTENTS xi
11.3
Production with Land
...................201
11.4
The Capitalist s Decision Problem
with Land
..........................202
11.5
The Arbitrage Principle
..................203
11.6
Equilibrium Conditions
...................206
11.7
The Abundant Land Regime
................207
11.8
The Scarce Land Regime
..................208
11.9
Prom the Abundant to the Scarce
Land Regime
.........................210
11.10
Lessons of the Land-Limited Model
............212
11.11
Suggested Readings
.....................214
12
Exhaustible Resources
215
12.1
Growth with an Exhaustible Resource
..........215
12.2
Production with an
Exhaustible Resource
....................216
12.3
Saving and Portfolio Choice
................219
12.4
The Growth Path
......................220
12.5
Exhaustible Resources
in the Real World
......................222
12.6
Suggested Readings
.....................224
13
Government Debt and Social Security:
The Overlapping Generations Model
225
13.1
Government Finance and
Accumulation
........................225
13.2
Government and Private
Budget Constraints
.....................226
13.3
Saving and Consumption with
Selfish Households
......................229
13.4
A Classical Overlapping Generations Growth Model
. . . 232
13.5
A Neoclassical Overlapping
Generations Growth Model
.................236
13.6
Pareto-efficiency in the
Overlapping Generations Model
..............239
13.7
Analyzing Social Security and
Budget Deficits
.......................243
13.8
Social Security in the
Overlapping Generations Model
..............245
xii CONTENTS
13.8.1
Fully funded social security
............246
13.8.2
Unfunded social security
..............247
13.9
Government Debt in the Overlapping Generations Model
252
13.10
The Lessons of the
Overlapping-Generations Model
..............254
13.11
Suggested Readings
.....................255
14
Money and Economic Growth
256
14.1
Monetary Systems
......................256
14.2
The Gold Standard
.....................257
14.3
Production with Gold
....................258
14.4
Capitalist Consumption with Gold
............260
14.5
Steady State Growth
....................262
14.6
Unbalanced Technical Change
...............264
14.7
The Evolution of Credit Money
..............265
14.8
Suggested Readings
.....................267
15
Approaches to Technical Change
268
15.1
The Origin of Technical Change
..............268
15.2
The Technical Progress Function and
the Embodiment Hypothesis
................269
15.3
The Vintage Structure of Machines
............271
15.4
Steady State Growth in the
Vintage Model
........................272
15.5
Induced Technical Change
.................275
15.6
Specialization and
Imperfect Competition
...................279
15.7
Endogenous Growth with
Specialization
........................280
15.8
Cumulative Causation
...................282
15.9
Suggested Readings
.....................283
16
Endogenous Technical Change
285
16.1
Technical Change in a
Capitalist Economy
.....................285
16.2
Learning by Doing
.....................286
16.3
R&D Investment in Technical Change
...........288
CONTENTS xiii
16.4
How Much R&D?
......................291
16.5
Steady-State Growth with
No Persistent Effects of R&D
...............293
16.6
Steady-State Growth with Persistent Effects of R&D
. . 295
16.7
Persistent Effects of R&D with a
Conventional Wage Share
..................296
16.8
Suggested Readings
.....................298
References
299
Answers to Problems
310
Index
345
|
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| id | DE-604.BV012959909 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:36:46Z |
| institution | BVB |
| isbn | 0674364201 |
| language | English |
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| spelling | Foley, Duncan K. 1942- Verfasser (DE-588)136246834 aut Growth and distribution Duncan K. Foley and Thomas R. Michl Cambridge, Mass. [u.a.] Harvard Univ. Press 1999 XVII, 355 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Wachstumstheorie / Neue Wachstumstheorie / Dogmengeschichte / Einkommensverteilung / Theorie Wachstumstheorie (DE-588)4128160-3 gnd rswk-swf Wirtschaftswachstum (DE-588)4066527-6 gnd rswk-swf Einkommensverteilung (DE-588)4013898-7 gnd rswk-swf Einkommensverteilung (DE-588)4013898-7 s Wirtschaftswachstum (DE-588)4066527-6 s DE-604 Wachstumstheorie (DE-588)4128160-3 s Michl, Thomas R. 1951- Verfasser (DE-588)170280802 aut Digitalisierung UB Bamberg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008826471&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Foley, Duncan K. 1942- Michl, Thomas R. 1951- Growth and distribution Wachstumstheorie / Neue Wachstumstheorie / Dogmengeschichte / Einkommensverteilung / Theorie Wachstumstheorie (DE-588)4128160-3 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd Einkommensverteilung (DE-588)4013898-7 gnd |
| subject_GND | (DE-588)4128160-3 (DE-588)4066527-6 (DE-588)4013898-7 |
| title | Growth and distribution |
| title_auth | Growth and distribution |
| title_exact_search | Growth and distribution |
| title_full | Growth and distribution Duncan K. Foley and Thomas R. Michl |
| title_fullStr | Growth and distribution Duncan K. Foley and Thomas R. Michl |
| title_full_unstemmed | Growth and distribution Duncan K. Foley and Thomas R. Michl |
| title_short | Growth and distribution |
| title_sort | growth and distribution |
| topic | Wachstumstheorie / Neue Wachstumstheorie / Dogmengeschichte / Einkommensverteilung / Theorie Wachstumstheorie (DE-588)4128160-3 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd Einkommensverteilung (DE-588)4013898-7 gnd |
| topic_facet | Wachstumstheorie / Neue Wachstumstheorie / Dogmengeschichte / Einkommensverteilung / Theorie Wachstumstheorie Wirtschaftswachstum Einkommensverteilung |
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