Introduction to economic growth:
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| Previous Title: | Jones, Charles I. Introduction to economic growth |
|---|---|
| Main Authors: | , |
| Format: | Book |
| Language: | English |
| Published: |
New York, NY
W.W. Norton & Company
[2024]
|
| Edition: | Fourth edition |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | xiv, 312 Seiten Illustrationen. - Illustrationen, Diagramme |
| ISBN: | 9781324059578 |
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| 245 | 1 | 0 | |a Introduction to economic growth |c Charles I. Jones (Stanford University), Dietrich Vollrath (University of Houston) |
| 246 | 1 | 3 | |a Economic growth |
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Record in the Search Index
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Contents Preface 1 2 xiii Introduction: The Facts of Economic Growth 1 1.1 The Data of Growth and Development 3 1.2 Other Stylized Facts about Growth 12 1.3 The Remainder of This Book 16 The Solow Model 2.1 2.2 Production and Distribution 19 2.1.1 GDP per Capita 21 2.1.2 Wages and the Return to Capital 24 Capital Accumulation 25 2.2.1 Solving the Solow Model 2.3 18 28 2.2.2 The Dynamics of Capital 29 2.2.3 The Balanced Growth Path 31 2.2.4 Solow and the Stylized Facts 33 Comparative Statics and Transitional Growth 34 2.3.1 An Increase in the Capital Formation Rate 35 2.3.2 A Decline in Population Growth 39 2.4 Consumption and the Golden Rule 40 2.5 Evaluating the Solow Model 42 Exercises 43 vii
viii Contents 3 Д g Empirical Applications of the Solow Model 46 3.1 Case Studies of Transitional Growth 46 3.1.1 Germany after World War II 47 3.1.2 Rapid Growth in East Asia 48 3.2 Cross-Country Differences in GDP per Capita 51 3.3 Convergence and Differences in Growth Rates 53 3.4 The World Distribution of Income 58 3.5 Growth Accounting 62 Exercises 65 The Economics of Ideas 67 4.1 Productivity and Technology 67 4.2 Data on Ideas 69 4.3 Ideas and Imperfect Competition 71 4.4 Scale and Population 77 4.5 Summary 80 Exercises 81 The Romer Model 5.1 The Basic Elements of the Romer Model 5.2 5.3 83 84 5.1.1 The Accumulation of Ideas 86 5.1.2 Growth versus Level Effects 91 5.1.3 Comparative Statics: A Permanent Increase in the R D Share 92 The Economics of Innovation in the Romer Model 96 98 5.2.1 The Final Good Sector 5.2.2 Intermediate Good Firms 101 5.2.3 Profits and Their Growth 103 5.2.4 The R D Decision 105 Summary 107 Exercises 107
Contents g Growth through Creative Destruction 6.1 The Basic Elements of the Schumpeterian Model 111 6.1.1 The Accumulation of Ideas 112 6.2 The Economics of Innovation in the Schumpeterian Model y 110 115 6.2.1 Final Goods, Intermediate Goods, and Profits 117 6.2.2 Drastic Innovation and Monopoly Providers 119 6.2.3 The Research Decision 121 6.3 Comparing the Romer and Schumpeterian Models 122 6.4 Competition and Innovation 123 6.5 Business Dynamism 126 6.6 Optimal R D 129 6.7 Summary 133 Exercises 134 Growth and Development 7.1 136 Development Accounting 137 7.1.1 Human Capital 138 7.1.2 Differences across Countries 140 Technology Adoption and Diffusion 143 7.2.1 A Model of Diffusion 144 7.2.2 Technology Transfer and Intellectual Property 149 7.3 Globalization and Development 151 7.4 Misallocation and Productivity 156 7.5 Understanding Differences in Growth Rates 159 Exercises 162 7.2 ix
Contents θ Social Infrastructure and Long-Run Economic Performance 8.1 £ An Investment Problem 164 165 8.1.1 Determinants of F 166 8.1.2 Determinants of V 167 8.1.3 Which Investments to Make? 169 8.2 Empirical Evidence 170 8.3 The Choice of Social Infrastructure 174 8.4 Growth Miracles and Disasters 177 8.5 Summary 180 Exercises 181 Population and the Origin of Sustained 182 Growth 9.1 Population and Living Standards 183 9.1.1 The Malthusian Era 185 9.1.2 The Post-Malthusian Era 185 9.1.3 The Modern Growth Era 186 9.2 The Malthusian Economy 187 9.3 Endogenous Technological Change 192 9.4 The Transition to Sustained Growth 195 9.5 9.4.1 Realistic Population Growth 195 9.4.2 From Malthusian Stagnation to Sustained Growth 196 The Economics of Population Growth 199 9.5.1 The Family Decision Problem 200 9.5.2 The Price of Children 201 9.5.3 The Population Growth Function 203 9.6 Comparative Development 204 9.7 Summary 205 Exercises 205
Contents 10 Natural Resources and Economic Growth 10.1 Nonrenewable Resources 208 209 10.1.1 Production with Nonrenewables 209 10.1.2 Dynamics with Resource Use 211 10.1.3 Quantifying the Drag on Growth 212 10.2 Prices and Scarcity 215 10.3 Explanations for a Declining Factor Share 218 10.4 Growth and the Environment 221 10.5 Summary 229 Exercises 230 11 Alternative Theories of Endogenous Growth 232 11.1 Simple Endogenous Growth: The AK Model 233 11.2 Intuition and Other Growth Models 235 11.3 Externalities and the AK Model 237 11.4 Evaluating Endogenous Growth Models 239 11.5 What Is Endogenous Growth? 241 Exercises 12 The Future of Growth 242 243 12.1 Historical versus Long-Run Growth 244 12.2 Demographic Changes 248 12.2.1 Demographic Pessimism 248 12.2.2 Demographic Optimism 251 12.3 Automation 253 12.3.1 Task Automation 253 12.3.2 Research Automation 256 12.4 Summary 257 Exercises 258 xi
xii Contents 13 Appendix A Understanding Economic Growth 13.1 Why Are Some Countries So Rich While Others Remain So Poor? 259 13.2 What Is the Engine of Economic Growth? 260 13.3 How Do We Understand Growth Miracles? 261 13.4 Conclusion 262 Mathematical Review 263 Derivatives and Integrals 263 A.1.1 Cobb-Douglas Functions 263 A.1.2 Derivatives with Respect to Time 264 A.1.3 Integration 265 A.2 Properties of Logs 266 A.3 Growth Rates and Logs 266 A.1 A.3.1 Percent Changes and Growth Rates 266 A.3.2 "Take Logs and Derivatives” 267 A.3.3 Continuous and Discrete Time 268 A.4 Present Discounted Value 269 A.5 Dynamics 272 Appendix Addit ional Model Results D Appendix c 259 279 B.1 The Traditional Solow Diagram 279 B.2 An Exact Solution to the Solow Model 281 B.3 An Exact Solution for the Romer Model 284 B.4 Constant Elasticity of Substitution Production 287 Additional Reading 290 Bibliography 292 Index 304 |
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| spelling | Jones, Charles I. Verfasser (DE-588)129333743 aut Introduction to economic growth Charles I. Jones (Stanford University), Dietrich Vollrath (University of Houston) Economic growth Fourth edition New York, NY W.W. Norton & Company [2024] xiv, 312 Seiten Illustrationen. - Illustrationen, Diagramme txt rdacontent n rdamedia nc rdacarrier Wirtschaftswachstum / Wachstumstheorie / Theorie Wirtschaftswachstum (DE-588)4066527-6 gnd rswk-swf Wachstumsmodell (DE-588)4127141-5 gnd rswk-swf Wachstumstheorie (DE-588)4128160-3 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content Lehrbuch - Wachstumstheorie Wachstumstheorie (DE-588)4128160-3 s DE-188 Wachstumsmodell (DE-588)4127141-5 s Wirtschaftswachstum (DE-588)4066527-6 s 1\p DE-604 Vollrath, Dietrich Verfasser (DE-588)13203347X aut Erscheint auch als Online-Ausgabe 978-1-324-06375-9 Vorangegangen ist Jones, Charles I. Introduction to economic growth 3. edition, international student edition 2013 978-0-393-92078-9 (DE-604)BV040771664 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=035078378&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Jones, Charles I. Vollrath, Dietrich Introduction to economic growth Wirtschaftswachstum / Wachstumstheorie / Theorie Wirtschaftswachstum (DE-588)4066527-6 gnd Wachstumsmodell (DE-588)4127141-5 gnd Wachstumstheorie (DE-588)4128160-3 gnd |
| subject_GND | (DE-588)4066527-6 (DE-588)4127141-5 (DE-588)4128160-3 (DE-588)4123623-3 |
| title | Introduction to economic growth |
| title_alt | Economic growth |
| title_auth | Introduction to economic growth |
| title_exact_search | Introduction to economic growth |
| title_full | Introduction to economic growth Charles I. Jones (Stanford University), Dietrich Vollrath (University of Houston) |
| title_fullStr | Introduction to economic growth Charles I. Jones (Stanford University), Dietrich Vollrath (University of Houston) |
| title_full_unstemmed | Introduction to economic growth Charles I. Jones (Stanford University), Dietrich Vollrath (University of Houston) |
| title_old | Jones, Charles I. Introduction to economic growth |
| title_short | Introduction to economic growth |
| title_sort | introduction to economic growth |
| topic | Wirtschaftswachstum / Wachstumstheorie / Theorie Wirtschaftswachstum (DE-588)4066527-6 gnd Wachstumsmodell (DE-588)4127141-5 gnd Wachstumstheorie (DE-588)4128160-3 gnd |
| topic_facet | Wirtschaftswachstum / Wachstumstheorie / Theorie Wirtschaftswachstum Wachstumsmodell Wachstumstheorie Lehrbuch Lehrbuch - Wachstumstheorie |
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