Barriers to riches /:
Annotation Why isn't the whole world as rich as the United States? Conventional views holds that differences in the share of output invested by countries account for this disparity. Not so, say Stephen Parente and Edward Prescott. In Barriers to Riches, Parente and Prescott argue that differenc...
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| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge, Mass. :
MIT Press,
©2000.
|
| Series: | Walras-Pareto lectures ;
3. |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | Annotation Why isn't the whole world as rich as the United States? Conventional views holds that differences in the share of output invested by countries account for this disparity. Not so, say Stephen Parente and Edward Prescott. In Barriers to Riches, Parente and Prescott argue that differences in Total Factor Productivity (TFP) explain this phenomenon. These differences exist because some countries erect barriers to the efficient use of readily available technology. The purpose of these barriers is to protect industry insiders with vested interests in current production processes from outside competition. Were this protection stopped, rapid TFP growth would follow in the poor countries, and the whole world would soon be rich. Barriers to Riches reflects a decade of research by the authors on this question. Like other books on the subject, it makes use of historical examples and industry studies to illuminate potential explanations for income differences. Unlike these other books, however, it uses aggregate data and general equilibrium models to evaluate the plausibility of alternative explanations. The result of this approach is the most complete and coherent treatment of the subject to date. |
| Physical Description: | 1 online resource (xvii, 164 pages) : illustrations |
| Bibliography: | Includes bibliographical references (pages 151-156) and index. |
| ISBN: | 0585442622 9780585442624 0262161931 9780262161930 |
Staff View
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| 490 | 1 | |a Third Walras-Pareto lecture, University of Lausanne | |
| 504 | |a Includes bibliographical references (pages 151-156) and index. | ||
| 520 | 8 | |a Annotation Why isn't the whole world as rich as the United States? Conventional views holds that differences in the share of output invested by countries account for this disparity. Not so, say Stephen Parente and Edward Prescott. In Barriers to Riches, Parente and Prescott argue that differences in Total Factor Productivity (TFP) explain this phenomenon. These differences exist because some countries erect barriers to the efficient use of readily available technology. The purpose of these barriers is to protect industry insiders with vested interests in current production processes from outside competition. Were this protection stopped, rapid TFP growth would follow in the poor countries, and the whole world would soon be rich. Barriers to Riches reflects a decade of research by the authors on this question. Like other books on the subject, it makes use of historical examples and industry studies to illuminate potential explanations for income differences. Unlike these other books, however, it uses aggregate data and general equilibrium models to evaluate the plausibility of alternative explanations. The result of this approach is the most complete and coherent treatment of the subject to date. | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | 0 | |g 1. |t Introduction -- |g 2. |t International Income Facts -- |g 3. |t Growth Theory with No TFP Differences -- |g 4. |t Growth Theory with a Human Capital Sector -- |g 5. |t Growth Theory with TFP Differences -- |g 6. |t Constraints on Firm Technologies and TFP -- |g 7. |t Evidence of Barriers to Efficiency -- |g 8. |t Monopoly Rights: A Theory of TFP Differences -- |g 9. |t Conclusion. |
| 650 | 0 | |a Economic development. |0 http://id.loc.gov/authorities/subjects/sh85040804 | |
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| 650 | 7 | |a BUSINESS & ECONOMICS |x Development |x Business Development. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Structural Adjustment. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Development |x General. |2 bisacsh | |
| 650 | 0 | 7 | |a Economic development. |2 cct |
| 650 | 7 | |a Economic development |2 fast | |
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| 650 | 7 | |a Concurrence imparfaite. |2 ram | |
| 650 | 7 | |a Relations économiques internationales. |2 ram | |
| 650 | 7 | |a Économie du développement. |2 ram | |
| 650 | 7 | |a Richesse. |2 ram | |
| 650 | 7 | |a Productivité. |2 ram | |
| 653 | |a ECONOMICS/Trade & Development | ||
| 653 | |a ECONOMICS/Political Economy | ||
| 700 | 1 | |a Prescott, Edward C. | |
| 758 | |i has work: |a Barriers to riches (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGqhTXtJCbCHJvvMBPhvHC |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
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| author | Parente, Stephen L. |
| author2 | Prescott, Edward C. |
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| contents | Introduction -- International Income Facts -- Growth Theory with No TFP Differences -- Growth Theory with a Human Capital Sector -- Growth Theory with TFP Differences -- Constraints on Firm Technologies and TFP -- Evidence of Barriers to Efficiency -- Monopoly Rights: A Theory of TFP Differences -- Conclusion. |
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| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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Conventional views holds that differences in the share of output invested by countries account for this disparity. Not so, say Stephen Parente and Edward Prescott. In Barriers to Riches, Parente and Prescott argue that differences in Total Factor Productivity (TFP) explain this phenomenon. These differences exist because some countries erect barriers to the efficient use of readily available technology. The purpose of these barriers is to protect industry insiders with vested interests in current production processes from outside competition. Were this protection stopped, rapid TFP growth would follow in the poor countries, and the whole world would soon be rich. Barriers to Riches reflects a decade of research by the authors on this question. Like other books on the subject, it makes use of historical examples and industry studies to illuminate potential explanations for income differences. Unlike these other books, however, it uses aggregate data and general equilibrium models to evaluate the plausibility of alternative explanations. 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| id | ZDB-4-EBA-ocm51958126 |
| illustrated | Illustrated |
| indexdate | 2025-04-11T08:35:21Z |
| institution | BVB |
| isbn | 0585442622 9780585442624 0262161931 9780262161930 |
| language | English |
| oclc_num | 51958126 |
| open_access_boolean | |
| owner | MAIN DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| physical | 1 online resource (xvii, 164 pages) : illustrations |
| psigel | ZDB-4-EBA FWS_PDA_EBA ZDB-4-EBA |
| publishDate | 2000 |
| publishDateSearch | 2000 |
| publishDateSort | 2000 |
| publisher | MIT Press, |
| record_format | marc |
| series | Walras-Pareto lectures ; |
| series2 | Third Walras-Pareto lecture, University of Lausanne |
| spelling | Parente, Stephen L. Barriers to riches / Stephen L. Parente and Edward C. Prescott. Cambridge, Mass. : MIT Press, ©2000. 1 online resource (xvii, 164 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 data file Statistics Third Walras-Pareto lecture, University of Lausanne Includes bibliographical references (pages 151-156) and index. Annotation Why isn't the whole world as rich as the United States? Conventional views holds that differences in the share of output invested by countries account for this disparity. Not so, say Stephen Parente and Edward Prescott. In Barriers to Riches, Parente and Prescott argue that differences in Total Factor Productivity (TFP) explain this phenomenon. These differences exist because some countries erect barriers to the efficient use of readily available technology. The purpose of these barriers is to protect industry insiders with vested interests in current production processes from outside competition. Were this protection stopped, rapid TFP growth would follow in the poor countries, and the whole world would soon be rich. Barriers to Riches reflects a decade of research by the authors on this question. Like other books on the subject, it makes use of historical examples and industry studies to illuminate potential explanations for income differences. Unlike these other books, however, it uses aggregate data and general equilibrium models to evaluate the plausibility of alternative explanations. The result of this approach is the most complete and coherent treatment of the subject to date. Print version record. 1. Introduction -- 2. International Income Facts -- 3. Growth Theory with No TFP Differences -- 4. Growth Theory with a Human Capital Sector -- 5. Growth Theory with TFP Differences -- 6. Constraints on Firm Technologies and TFP -- 7. Evidence of Barriers to Efficiency -- 8. Monopoly Rights: A Theory of TFP Differences -- 9. Conclusion. Economic development. http://id.loc.gov/authorities/subjects/sh85040804 Développement économique. economic development. aat POLITICAL SCIENCE Public Policy Economic Policy. bisacsh BUSINESS & ECONOMICS Government & Business. bisacsh BUSINESS & ECONOMICS Development Economic Development. bisacsh BUSINESS & ECONOMICS Development Business Development. bisacsh BUSINESS & ECONOMICS Structural Adjustment. bisacsh BUSINESS & ECONOMICS Development General. bisacsh Economic development. cct Economic development fast Economische ontwikkeling. gtt Handelsbelemmeringen. gtt Technische ontwikkeling. gtt Desenvolvimento econômico. larpcal Développement économique. ram Concurrence imparfaite. ram Relations économiques internationales. ram Économie du développement. ram Richesse. ram Productivité. ram ECONOMICS/Trade & Development ECONOMICS/Political Economy Prescott, Edward C. has work: Barriers to riches (Text) https://id.oclc.org/worldcat/entity/E39PCGqhTXtJCbCHJvvMBPhvHC https://id.oclc.org/worldcat/ontology/hasWork Print version: Parente, Stephen L. Barriers to riches. Cambridge, Mass. : MIT Press, ©2000 0262161931 (DLC) 00025414 (OCoLC)43526854 Walras-Pareto lectures ; 3. http://id.loc.gov/authorities/names/n94073934 |
| spellingShingle | Parente, Stephen L. Barriers to riches / Walras-Pareto lectures ; Introduction -- International Income Facts -- Growth Theory with No TFP Differences -- Growth Theory with a Human Capital Sector -- Growth Theory with TFP Differences -- Constraints on Firm Technologies and TFP -- Evidence of Barriers to Efficiency -- Monopoly Rights: A Theory of TFP Differences -- Conclusion. Economic development. http://id.loc.gov/authorities/subjects/sh85040804 Développement économique. economic development. aat POLITICAL SCIENCE Public Policy Economic Policy. bisacsh BUSINESS & ECONOMICS Government & Business. bisacsh BUSINESS & ECONOMICS Development Economic Development. bisacsh BUSINESS & ECONOMICS Development Business Development. bisacsh BUSINESS & ECONOMICS Structural Adjustment. bisacsh BUSINESS & ECONOMICS Development General. bisacsh Economic development. cct Economic development fast Economische ontwikkeling. gtt Handelsbelemmeringen. gtt Technische ontwikkeling. gtt Desenvolvimento econômico. larpcal Développement économique. ram Concurrence imparfaite. ram Relations économiques internationales. ram Économie du développement. ram Richesse. ram Productivité. ram |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85040804 |
| title | Barriers to riches / |
| title_alt | Introduction -- International Income Facts -- Growth Theory with No TFP Differences -- Growth Theory with a Human Capital Sector -- Growth Theory with TFP Differences -- Constraints on Firm Technologies and TFP -- Evidence of Barriers to Efficiency -- Monopoly Rights: A Theory of TFP Differences -- Conclusion. |
| title_auth | Barriers to riches / |
| title_exact_search | Barriers to riches / |
| title_full | Barriers to riches / Stephen L. Parente and Edward C. Prescott. |
| title_fullStr | Barriers to riches / Stephen L. Parente and Edward C. Prescott. |
| title_full_unstemmed | Barriers to riches / Stephen L. Parente and Edward C. Prescott. |
| title_short | Barriers to riches / |
| title_sort | barriers to riches |
| topic | Economic development. http://id.loc.gov/authorities/subjects/sh85040804 Développement économique. economic development. aat POLITICAL SCIENCE Public Policy Economic Policy. bisacsh BUSINESS & ECONOMICS Government & Business. bisacsh BUSINESS & ECONOMICS Development Economic Development. bisacsh BUSINESS & ECONOMICS Development Business Development. bisacsh BUSINESS & ECONOMICS Structural Adjustment. bisacsh BUSINESS & ECONOMICS Development General. bisacsh Economic development. cct Economic development fast Economische ontwikkeling. gtt Handelsbelemmeringen. gtt Technische ontwikkeling. gtt Desenvolvimento econômico. larpcal Développement économique. ram Concurrence imparfaite. ram Relations économiques internationales. ram Économie du développement. ram Richesse. ram Productivité. ram |
| topic_facet | Economic development. Développement économique. economic development. POLITICAL SCIENCE Public Policy Economic Policy. BUSINESS & ECONOMICS Government & Business. BUSINESS & ECONOMICS Development Economic Development. BUSINESS & ECONOMICS Development Business Development. BUSINESS & ECONOMICS Structural Adjustment. BUSINESS & ECONOMICS Development General. Economic development Economische ontwikkeling. Handelsbelemmeringen. Technische ontwikkeling. Desenvolvimento econômico. Concurrence imparfaite. Relations économiques internationales. Économie du développement. Richesse. Productivité. |
| work_keys_str_mv | AT parentestephenl barrierstoriches AT prescottedwardc barrierstoriches |