Economic growth:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Boston [u.a.]
Pearson, Addison-Wesley
2005
|
| Series: | Addison-Wesley series in economics
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis Klappentext |
| Physical Description: | XXV, 547 S. Ill., graph. Darst., Kt. |
| ISBN: | 0201680262 |
Staff View
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| adam_text | Contents
PART I Overview
1
CHAPTER
1
The Facts to Be Explained
2
1.1
Differences in the Level of Income
Among Countries
5
с
Box: Total GDP Versus GDP per Capita
7
1.2
Differences in the Rate of Income
Growth Among Countries
9
Growth s Effect on the Level of Income
9
--■■
Box: Working with Growth Rates
10
Growth During the Last
40
Years
13
■-■
Box: Growth Versus Business Cycles
14
Growth Since
1820 16
Growth Before
1820 16
-
Box: Income Inequality Between and
Within Countries
18
1.3
Conclusion
20
Appendix: Measuring and Comparing GDP
Using Purchasing Power Parity
24
CHAPTER
2
A Framework for Analysis
28
2.1
The Economics of Sylvania
and Freedonia: A Parable
29
2.2
From Parable to Practice
32
The Production Function
33
From income Levels to Growth Rates
35
23
What Can We Learn from Data?
37
Scatter Plots and Correlations
38
2.4
Conclusion
41
Box: Learning from Historical Data
42
part
и
Factor
Accumulation
47
CHAPTER
3
Physical Capital
48
3.1
The Nature of Capital
50
3.2
Capital s Role in Production
51
Using a Production Function to Analyze
Capital s Role
52
Factor Payments and Factor Shares
54
-
Box: Capital s Share of
National Income
56
3.3
The Solow Model
56
Determination of Capital per Worker
57
-
Box: The Rise and Fall of Capital
58
-
Box: Measuring Change over Time
59
Steady States
60
-
Box: Steady State:
A Non-economic Example
62
The Solow Model as a Theory of
Income Differences
64
The Solow Model as a Theory of
Relative Growth Rates
67
3.4
The Relationship Between
Investment and Saving
69
Explaining the Saving Rate: Exogenous
Versus Endogenous Factors
71
9.2
The Technology
Production Function
249
*
Box: General-Purpose Technologies
250
The Relationship Between Technology
Level and the Speed of Technological
Progress
252
a Box: Science and Technology
253
Decreasing Returns to Scale in Technology
Production
253
Implications for the Future of Technological
Progress
254
a Box: Where Is the Cutting Edge of
Technology?
256
9.3
Differential Technological Progress
257
*.
Box: Predicting Technological
Progress
258
Differential Technological Progress: Two
Theoretical Examples
260
Example
1 :
Bread and Cheese
260
Example
2:
Butter and Margarine
261
Conclusions from the Examples
261
Technological Progress in the Real World:
Goods Versus Services
262
Technological Progress in the Real World:
Information Technology
263
9.4
Conclusion
264
Mathematical Appendix: An Improved
Version of the Technology Production
Function
268
CHAPTER
10
Efficiency
270
10.1
Decomposing Productivity
into Technology and Efficiency
271
Analyzing Cross-Country Data
272
10.2
Differences in Efficiency:
Case Studies
275
Central Planning in the Soviet Union
275
Textiles in
1910 277
Cross-Country Differences in Productivity by
Industry
278
Subsurface Coal Mining in the United States,
1949-1994 280
103
Types of Inefficiency
281
Unproductive Activities
282
Idle Resources
283
Misallocation of Factors Among Sectors
284
Barriers to Mobility
287
Wages Not Equal to Marginal Product
287
Efficiency Gains from
Sectoral
Réallocation
288
Misallocation of Factors Among Firms
289
Technology Blocking
290
10.4
Conclusion
293
Mathematical Appendix: Sectoral
Reallocation
and the Growth Rate of
Aggregate Productivity
297
CHAPTER
11
Growth in the Open Economy
299
11.1
Autarky Versus Openness
300
Measuring Output in an Open Economy
зої
Globalization: The Facts
302
Globalization: The Causes
303
Transport Costs
304
Transmission
ofinformation
305
и
Box: Tariffs, Quotas, and
Other Trade Restrictions
306
Trade Policy
306
11.2
The Effect of Openness on Economic
Growth
307
Growth in Open Versus
Closed Economies
309
How Changes in Openness
Affect Growth
310
The Effect of Geographical Barriers
to Trade
311
11.3
Openness and
Factor Accumulation
312
Growth with Capital Mobility
313
Assessing the Free-Capital-Flow Model
315
11.4
Openness and Productivity
317
Trade as a Form of Technology
317
■
Box: The Rise and Fall of Consolidated
Alchemy
318
Openness and Technological Progress
320
Openness and Efficiency
321
11.5
Opposition to Openness
323
m
Box: Anti-Globalization
325
11.6
Conclusion
328
part
iv
Fundamentals
ззі
CHAPTER
12
Government
332
12.1
Defining Government s Proper Role in
the Economy
336
The Case for Government Intervention in
the Economy
ззб
The Case Against Government Intervention
in the Economy
337
Swings of the Pendulum
338
12.2
How Government Affects Growth
339
Rule of Law
339
Taxation, Efficiency, and the Size of
Government
342
Planning and Other Industrial Policies
345
*
Box: The Other Path
346
»
Box: Planning Is Not Always
a Failure
347
12.3
Why Governments Do Things That
Are Bad for Growth
348
Some Other Goal
349
Corruption and Kleptocracy
349
Self-Preservation
351
»
Box: Government Regulation: Helping
Hand or Grabbing Hand?
352
12.4
Why Poor Countries Have
Bad Governments
354
Causation Running from Income to
Government Quality
354
Causation Running from Government
Quality to Income
356
-
Box: Democracy and
Economic Growth
358
12.5
Conclusion
360
CHAPTER
13
Income Inequality
364
13.1
Income Inequality: The Facts
365
Using the
Gini
Coefficient to Measure
Income Inequality
366
The Kuznets Hypothesis
369
a Box: Is Growth Good for the Poor?
372
13.2
Sources of Income Inequality
374
Explaining the Recent Rise in Income
Inequality
380
Technological Advances
380
Increases in International Trade
381
Superstar Dynamic
381
13.3
The Effect of Income Inequality on
Economic Growth
382
Effect on the Accumulation of Physical
Capital
382
Effect on the Accumulation of Human
Capital
383
Income Inequality, Income Redistribution,
and Efficiency
386
Sociopolitical Unrest in Response to Income
Inequality
390
Empirical Evidence
391
13.4
Beyond Income Distribution:
Economic Mobility
394
13.5
Conclusion
397
CHAPTER
14
Culture
400
14.1
The Effect of Culture on Economic
Growth
401
Openness to New Ideas
402
Hard Work
403
Saving for the
Future
405
Trust
406
■-■-
Box: Pitfalls of Cultural Explanations
for Economic Growth
407
Social Capital
408
:
Box: Importance of Social Capital
at the Village Level
411
Social Capability
41
1
Box: Changes in Appropriate Culture
414
14.2
What Determines Culture?
416
Climate and Natural Resources
416
Cultural Homogeneity and
Social Capital
417
Population Density and
Social Capability
420
14.3
Cultural Change
422
Box: Determinants of Cooperation:
An Experimental Approach
423
Economic Growth and Cultural Change
423
Government Policy and
Cultural Change
425
14.4
Conclusion
427
CHAPTER
15
Geography, Climate,
and Natural Resources
431
15.1
Geography
432
Location, Trade, and Growth
433
Geographic Concentration
and Spillovers
435
---
Box: Guns, Germs, and Geography
436
Geography s Effect on Government
438
15.2
Climate
441
Climate and Agricultural Productivity
443
Climate and Disease
445
Climate and Human Effort
448
153
Natural Resources
449
The Relationship Between Natural
Resources and Growth
450
Explanations for the Resource Curse
452
Overconsumption
453
Dynamics of Industrialization
453
Politics
455
15.4
Conclusion
457
Box: Resources and Early
Industrial Development:
The Case of Coal
458
CHAPTER
16
Resources and the Environment
at the Global Level
462
16.1
Natural Resource Concepts
463
Nonrenewable Resources
463
Renewable Resources
466
Property Rights over Resources
468
Resources and Production
470
16.2
Incorporating Natural Resources
into the Analysis of Economic
Growth
472
Revising National Accounts
473
-
Box: Resource Disasters
474
Resource Prices
477
Box: The Bet
481
Why Resource Limitations Do Not Prevent
Economic Growth
481
Substitution
482
Box: Resource-Saving Technologies
484
Technological Progress
485
163
Growth and the Environment
486
The Environmental Kuznets Curve
487
Global Warming
489
■■ ■■
Box: The Environmental Kuznets Curve
in London
490
Prediction of Future Warming
493
Must Prevention of Global Warming End
Economic Growth?
494
16.4
Conclusion
495
Mathematical Appendix: Technological
Improvement Versus Resource Depletion
PART V Conclusion
501
CHAPTER
17
What We Have Learned and
Where We Are Headed
502
17.1
What We Have Learned
502
Factor Accumulation
503
Productivity
503
Technology
504
Efficiency
504
Fundamentals
505
17.2
What the Future Holds
506
What Will Happen to the World Income
Distribution?
507
Will Technological Progress Continue
Apace?
507
β
Box: Will Growth Make Us Happy?
508
What Is the Future of World Demographics?
511
Will Global Economic Integration Continue?
511
Will Shortages of Natural Resources
Constrain Economic Growth?
512
173
A Final Thought
512
References
513
Glossary
527
Index
533
Credits
547
This is the first textbook that
successfully synthesizes the
burgeoning literature on economic
growth for a broad student audience.
Weil brings an authoritative voice and
a crisp writing style to the study of
this fascinating and important field.
Richly empirical, informed by the
latest research, and replete with
resources that promote learning
—
a coherent theoretical framework, a
wealth of special-topic boxes, illumi¬
nating examples, two-color figures,
technical appendixes, and more
—
the text makes complex concepts
comprehensible and exciting.
Extensive additional resources are
available for students and instructors
on the accompanying Web site,
including a unique Data Plotter with
information on dozens of variables
from some
150
countries.
Wnat
tne
Reviewers Are Saying...
Philippe Agfliion, Harvard University
I cannot imagine a better way of introducing students
to the fascinating field of economic growth. [The author s]
systematic reliance on relevant historical evidence, basic
empirical facts, well-chosen examples, and illustrative tables
and figures; his parsimonious and intuitive use of very simple
models; and his focus on the key issues and enigmas
—
all
these contribute to the magic of this book.
David Romer,
University of California, Berkeley
The book is very well conceived and will fill an important
need.
. . .
The organization is excellent.
. . .
The book is slant¬
ed toward good, modern, relevant research and the best
available evidence about important questions.
Ann Owen, Hamilton College
[The book]
...
is very clearly written, takes on interesting
issues, and provides many current as well as historical exam¬
ples to illustrate its points. I have used
....
drafts of the text
in my class, and the students really like the book.
Акііа
Weerapana,
Wéllesley
College
[T]he real strength of this book lies in the range of issues it
covers: everything from the core topics of labor, capital, and
technology to more esoteric but potentially no less important
topics like geography, demography, institutions, and income
inequality.
...
It is a wonderful blend of academic rigor and
compelling analysis of the rich variety of factors that drive
economic growth.
|
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| id | DE-604.BV019767948 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T20:05:40Z |
| institution | BVB |
| isbn | 0201680262 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-013094149 |
| oclc_num | 54686246 |
| open_access_boolean | |
| owner | DE-384 DE-20 DE-92 DE-1047 DE-83 DE-11 DE-188 DE-739 |
| owner_facet | DE-384 DE-20 DE-92 DE-1047 DE-83 DE-11 DE-188 DE-739 |
| physical | XXV, 547 S. Ill., graph. Darst., Kt. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | Pearson, Addison-Wesley |
| record_format | marc |
| series2 | Addison-Wesley series in economics |
| spelling | Weil, David N. Verfasser (DE-588)124790429 aut Economic growth David N. Weil Boston [u.a.] Pearson, Addison-Wesley 2005 XXV, 547 S. Ill., graph. Darst., Kt. txt rdacontent n rdamedia nc rdacarrier Addison-Wesley series in economics Desenvolvimento econômico larpcal Développement économique Economia (crescimento e desenvolvimento) larpcal Economische groei gtt Wirtschaftsentwicklung Economic development Wachstumstheorie (DE-588)4128160-3 gnd rswk-swf Wirtschaftswachstum (DE-588)4066527-6 gnd rswk-swf Internationaler Vergleich (DE-588)4120509-1 gnd rswk-swf 1\p (DE-588)4123623-3 Lehrbuch gnd-content Wirtschaftswachstum (DE-588)4066527-6 s Wachstumstheorie (DE-588)4128160-3 s Internationaler Vergleich (DE-588)4120509-1 s 2\p DE-604 DE-188 Digitalisierung UB Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=013094149&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=013094149&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Weil, David N. Economic growth Desenvolvimento econômico larpcal Développement économique Economia (crescimento e desenvolvimento) larpcal Economische groei gtt Wirtschaftsentwicklung Economic development Wachstumstheorie (DE-588)4128160-3 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd Internationaler Vergleich (DE-588)4120509-1 gnd |
| subject_GND | (DE-588)4128160-3 (DE-588)4066527-6 (DE-588)4120509-1 (DE-588)4123623-3 |
| title | Economic growth |
| title_auth | Economic growth |
| title_exact_search | Economic growth |
| title_full | Economic growth David N. Weil |
| title_fullStr | Economic growth David N. Weil |
| title_full_unstemmed | Economic growth David N. Weil |
| title_short | Economic growth |
| title_sort | economic growth |
| topic | Desenvolvimento econômico larpcal Développement économique Economia (crescimento e desenvolvimento) larpcal Economische groei gtt Wirtschaftsentwicklung Economic development Wachstumstheorie (DE-588)4128160-3 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd Internationaler Vergleich (DE-588)4120509-1 gnd |
| topic_facet | Desenvolvimento econômico Développement économique Economia (crescimento e desenvolvimento) Economische groei Wirtschaftsentwicklung Economic development Wachstumstheorie Wirtschaftswachstum Internationaler Vergleich Lehrbuch |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=013094149&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=013094149&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT weildavidn economicgrowth |