The forces of economic growth :: a time series perspective /
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, educatio...
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| Hauptverfasser: | , , |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Princeton, N.J. :
Princeton University Press,
©2005.
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | 1 online resource (xiv, 187 pages) : illustrations |
| Bibliographie: | Includes bibliographical references (pages 173-184) and index. |
| ISBN: | 1400880157 9781400880157 069111918X 9780691119182 |
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| 100 | 1 | |a Greiner, Alfred, |e author. |0 http://id.loc.gov/authorities/names/n94106594 | |
| 245 | 1 | 4 | |a The forces of economic growth : |b a time series perspective / |c Alfred Greiner, Willi, Semmler, and Gang Gong. |
| 260 | |a Princeton, N.J. : |b Princeton University Press, |c ©2005. | ||
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| 505 | 0 | |a Cover; Title; Copyright; Contents; List of Figures; List of Tables; Preface; CHAPTER 1 Economic Growth in Historical Perspective; 1.1 Historical Perspective; 1.2 New Growth Theory and Cross-Country Studies; 1.3 Time Series Perspective and Econometric Issues; 1.4 Further Outlook; CHAPTER 2 Growth Models and Time Series Evidence; 2.1 Persistent Per Capita Growth; 2.2 Scale Effects of Education and Knowledge; 2.3 Externalities and Increasing Returns; 2.4 Other Sources of Growth; Appendix; CHAPTER 3 Externalities of Investment and Economic Growth; 3.1 The Model; 3.2 Time Series Evidence. | |
| 505 | 8 | |a 3.3 Extensions of the Model3.4 Conclusions; Appendix; CHAPTER 4 Education and Economic Growth; 4.1 Introduction; 4.2 The Model; 4.3 Proxies for Human Capital in Empirical Studies; 4.4 Measuring the Variables; 4.5 Estimation of the Model for the United States and Germany; 4.6 Conclusion; Appendix; CHAPTER 5 Knowledge Accumulation and Economic Growth; 5.1 Introduction; 5.2 Stylized Facts on R & D and Economic Growth; 5.3 The R & D Model; 5.4 Description of the Data; 5.5 Estimation Results; 5.6 Conclusion; Appendix; CHAPTER 6 Endogenous Growth with Public Infrastructure. | |
| 505 | 8 | |a 6.1 The Growth Model and Steady-State Results6.2 The Dynamics of the Model; 6.3 The Estimation of the Growth Model; 6.4 Intertemporal Budget Constraint and Economic Growth; 6.5 Conclusion; Appendix; CHAPTER 7 Economic Growth and Income Inequality; 7.1 Earlier Theories; 7.2 Recent Theories; 7.3 Technological Change and Wage Inequality; 7.4 Conclusion; Appendix; CHAPTER 8 Conclusions; Technical Appendix; Data Sources; Bibliography; Index. | |
| 520 | |a 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. | ||
| 546 | |a In English. | ||
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| author | Greiner, Alfred Semmler, Willi Gong, Gang, 1959- |
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| contents | Cover; Title; Copyright; Contents; List of Figures; List of Tables; Preface; CHAPTER 1 Economic Growth in Historical Perspective; 1.1 Historical Perspective; 1.2 New Growth Theory and Cross-Country Studies; 1.3 Time Series Perspective and Econometric Issues; 1.4 Further Outlook; CHAPTER 2 Growth Models and Time Series Evidence; 2.1 Persistent Per Capita Growth; 2.2 Scale Effects of Education and Knowledge; 2.3 Externalities and Increasing Returns; 2.4 Other Sources of Growth; Appendix; CHAPTER 3 Externalities of Investment and Economic Growth; 3.1 The Model; 3.2 Time Series Evidence. 3.3 Extensions of the Model3.4 Conclusions; Appendix; CHAPTER 4 Education and Economic Growth; 4.1 Introduction; 4.2 The Model; 4.3 Proxies for Human Capital in Empirical Studies; 4.4 Measuring the Variables; 4.5 Estimation of the Model for the United States and Germany; 4.6 Conclusion; Appendix; CHAPTER 5 Knowledge Accumulation and Economic Growth; 5.1 Introduction; 5.2 Stylized Facts on R & D and Economic Growth; 5.3 The R & D Model; 5.4 Description of the Data; 5.5 Estimation Results; 5.6 Conclusion; Appendix; CHAPTER 6 Endogenous Growth with Public Infrastructure. 6.1 The Growth Model and Steady-State Results6.2 The Dynamics of the Model; 6.3 The Estimation of the Growth Model; 6.4 Intertemporal Budget Constraint and Economic Growth; 6.5 Conclusion; Appendix; CHAPTER 7 Economic Growth and Income Inequality; 7.1 Earlier Theories; 7.2 Recent Theories; 7.3 Technological Change and Wage Inequality; 7.4 Conclusion; Appendix; CHAPTER 8 Conclusions; Technical Appendix; Data Sources; Bibliography; Index. |
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| dewey-ones | 330 - Economics |
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| discipline | Wirtschaftswissenschaften |
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The Model; 3.2 Time Series Evidence.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">3.3 Extensions of the Model3.4 Conclusions; Appendix; CHAPTER 4 Education and Economic Growth; 4.1 Introduction; 4.2 The Model; 4.3 Proxies for Human Capital in Empirical Studies; 4.4 Measuring the Variables; 4.5 Estimation of the Model for the United States and Germany; 4.6 Conclusion; Appendix; CHAPTER 5 Knowledge Accumulation and Economic Growth; 5.1 Introduction; 5.2 Stylized Facts on R & D and Economic Growth; 5.3 The R & D Model; 5.4 Description of the Data; 5.5 Estimation Results; 5.6 Conclusion; Appendix; CHAPTER 6 Endogenous Growth with Public Infrastructure.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">6.1 The Growth Model and Steady-State Results6.2 The Dynamics of the Model; 6.3 The Estimation of the Growth Model; 6.4 Intertemporal Budget Constraint and Economic Growth; 6.5 Conclusion; Appendix; CHAPTER 7 Economic Growth and 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| id | ZDB-4-EBA-ocn949753961 |
| illustrated | Illustrated |
| indexdate | 2024-10-25T16:23:10Z |
| institution | BVB |
| isbn | 1400880157 9781400880157 069111918X 9780691119182 |
| language | English |
| oclc_num | 949753961 |
| open_access_boolean | |
| owner | MAIN |
| owner_facet | MAIN |
| physical | 1 online resource (xiv, 187 pages) : illustrations |
| psigel | ZDB-4-EBA |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | Princeton University Press, |
| record_format | marc |
| spelling | Greiner, Alfred, author. http://id.loc.gov/authorities/names/n94106594 The forces of economic growth : a time series perspective / Alfred Greiner, Willi, Semmler, and Gang Gong. Princeton, N.J. : Princeton University Press, ©2005. 1 online resource (xiv, 187 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier text file Includes bibliographical references (pages 173-184) and index. Print version record. Cover; Title; Copyright; Contents; List of Figures; List of Tables; Preface; CHAPTER 1 Economic Growth in Historical Perspective; 1.1 Historical Perspective; 1.2 New Growth Theory and Cross-Country Studies; 1.3 Time Series Perspective and Econometric Issues; 1.4 Further Outlook; CHAPTER 2 Growth Models and Time Series Evidence; 2.1 Persistent Per Capita Growth; 2.2 Scale Effects of Education and Knowledge; 2.3 Externalities and Increasing Returns; 2.4 Other Sources of Growth; Appendix; CHAPTER 3 Externalities of Investment and Economic Growth; 3.1 The Model; 3.2 Time Series Evidence. 3.3 Extensions of the Model3.4 Conclusions; Appendix; CHAPTER 4 Education and Economic Growth; 4.1 Introduction; 4.2 The Model; 4.3 Proxies for Human Capital in Empirical Studies; 4.4 Measuring the Variables; 4.5 Estimation of the Model for the United States and Germany; 4.6 Conclusion; Appendix; CHAPTER 5 Knowledge Accumulation and Economic Growth; 5.1 Introduction; 5.2 Stylized Facts on R & D and Economic Growth; 5.3 The R & D Model; 5.4 Description of the Data; 5.5 Estimation Results; 5.6 Conclusion; Appendix; CHAPTER 6 Endogenous Growth with Public Infrastructure. 6.1 The Growth Model and Steady-State Results6.2 The Dynamics of the Model; 6.3 The Estimation of the Growth Model; 6.4 Intertemporal Budget Constraint and Economic Growth; 6.5 Conclusion; Appendix; CHAPTER 7 Economic Growth and Income Inequality; 7.1 Earlier Theories; 7.2 Recent Theories; 7.3 Technological Change and Wage Inequality; 7.4 Conclusion; Appendix; CHAPTER 8 Conclusions; Technical Appendix; Data Sources; Bibliography; Index. 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. In English. Economic development Mathematical models. http://id.loc.gov/authorities/subjects/sh94002825 Time-series analysis Mathematical models. Investments Mathematical models. http://id.loc.gov/authorities/subjects/sh85067718 Human capital Mathematical models. Education Economic aspects Mathematical models. Research, Industrial Economic aspects Mathematical models. Développement économique Modèles mathématiques. Série chronologique Modèles mathématiques. Investissements Modèles mathématiques. Ressources humaines Modèles mathématiques. Éducation Aspect économique Modèles mathématiques. Recherche industrielle Aspect économique Modèles mathématiques. BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh POLITICAL SCIENCE Public Policy Economic Policy. bisacsh Séries temporelles. eclas Croissance économique. eclas Modèles de croissance. eclas Modèles mathématiques. eclas Capital humain. eclas Education. eclas Recherche industrielle. eclas Revenu. eclas Analyse comparative. eclas Pays développés. eclas Economic development Mathematical models fast Education Economic aspects Mathematical models fast Human capital Mathematical models fast Investments Mathematical models fast Research, Industrial Economic aspects Mathematical models fast Time-series analysis Mathematical models fast Bildung gnd http://d-nb.info/gnd/4006650-2 Forschung und Entwicklung gnd http://d-nb.info/gnd/4017897-3 Humankapital gnd http://d-nb.info/gnd/4160783-1 Investition gnd http://d-nb.info/gnd/4027556-5 Wachstumsmodell gnd http://d-nb.info/gnd/4127141-5 Wachstumstheorie gnd http://d-nb.info/gnd/4128160-3 Wirtschaftsentwicklung gnd Wirtschaftswachstum gnd http://d-nb.info/gnd/4066527-6 Zeitreihenanalyse gnd http://d-nb.info/gnd/4067486-1 Endogenes Wirtschaftswachstum gnd http://d-nb.info/gnd/4378670-4 Economische groei. gtt Tijdreeksen. gtt Wiskundige modellen. gtt Wirtschaftswachstum Mathematisches Modell. idsbb Mathematisches Modell Wirtschaftswachstum. idsbb Wachstumstheorie. idsbb Semmler, Willi, author. http://id.loc.gov/authorities/names/n78015876 Gong, Gang, 1959- author. https://id.oclc.org/worldcat/entity/E39PCjwgYCqyg4X8bmY9Ry6GBP http://id.loc.gov/authorities/names/n2004095233 has work: The forces of economic growth (Text) https://id.oclc.org/worldcat/entity/E39PCFBKw73kt8RyJmKT4h6mHP https://id.oclc.org/worldcat/ontology/hasWork Print version: Greiner, Alfred. Forces of economic growth. Princeton, N.J. : Princeton University Press, ©2005 069111918X (DLC) 2004044534 (OCoLC)54529035 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1159023 Volltext CBO01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1159023 Volltext |
| spellingShingle | Greiner, Alfred Semmler, Willi Gong, Gang, 1959- The forces of economic growth : a time series perspective / Cover; Title; Copyright; Contents; List of Figures; List of Tables; Preface; CHAPTER 1 Economic Growth in Historical Perspective; 1.1 Historical Perspective; 1.2 New Growth Theory and Cross-Country Studies; 1.3 Time Series Perspective and Econometric Issues; 1.4 Further Outlook; CHAPTER 2 Growth Models and Time Series Evidence; 2.1 Persistent Per Capita Growth; 2.2 Scale Effects of Education and Knowledge; 2.3 Externalities and Increasing Returns; 2.4 Other Sources of Growth; Appendix; CHAPTER 3 Externalities of Investment and Economic Growth; 3.1 The Model; 3.2 Time Series Evidence. 3.3 Extensions of the Model3.4 Conclusions; Appendix; CHAPTER 4 Education and Economic Growth; 4.1 Introduction; 4.2 The Model; 4.3 Proxies for Human Capital in Empirical Studies; 4.4 Measuring the Variables; 4.5 Estimation of the Model for the United States and Germany; 4.6 Conclusion; Appendix; CHAPTER 5 Knowledge Accumulation and Economic Growth; 5.1 Introduction; 5.2 Stylized Facts on R & D and Economic Growth; 5.3 The R & D Model; 5.4 Description of the Data; 5.5 Estimation Results; 5.6 Conclusion; Appendix; CHAPTER 6 Endogenous Growth with Public Infrastructure. 6.1 The Growth Model and Steady-State Results6.2 The Dynamics of the Model; 6.3 The Estimation of the Growth Model; 6.4 Intertemporal Budget Constraint and Economic Growth; 6.5 Conclusion; Appendix; CHAPTER 7 Economic Growth and Income Inequality; 7.1 Earlier Theories; 7.2 Recent Theories; 7.3 Technological Change and Wage Inequality; 7.4 Conclusion; Appendix; CHAPTER 8 Conclusions; Technical Appendix; Data Sources; Bibliography; Index. Economic development Mathematical models. http://id.loc.gov/authorities/subjects/sh94002825 Time-series analysis Mathematical models. Investments Mathematical models. http://id.loc.gov/authorities/subjects/sh85067718 Human capital Mathematical models. Education Economic aspects Mathematical models. Research, Industrial Economic aspects Mathematical models. Développement économique Modèles mathématiques. Série chronologique Modèles mathématiques. Investissements Modèles mathématiques. Ressources humaines Modèles mathématiques. Éducation Aspect économique Modèles mathématiques. Recherche industrielle Aspect économique Modèles mathématiques. BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh POLITICAL SCIENCE Public Policy Economic Policy. bisacsh Séries temporelles. eclas Croissance économique. eclas Modèles de croissance. eclas Modèles mathématiques. eclas Capital humain. eclas Education. eclas Recherche industrielle. eclas Revenu. eclas Analyse comparative. eclas Pays développés. eclas Economic development Mathematical models fast Education Economic aspects Mathematical models fast Human capital Mathematical models fast Investments Mathematical models fast Research, Industrial Economic aspects Mathematical models fast Time-series analysis Mathematical models fast Bildung gnd http://d-nb.info/gnd/4006650-2 Forschung und Entwicklung gnd http://d-nb.info/gnd/4017897-3 Humankapital gnd http://d-nb.info/gnd/4160783-1 Investition gnd http://d-nb.info/gnd/4027556-5 Wachstumsmodell gnd http://d-nb.info/gnd/4127141-5 Wachstumstheorie gnd http://d-nb.info/gnd/4128160-3 Wirtschaftsentwicklung gnd Wirtschaftswachstum gnd http://d-nb.info/gnd/4066527-6 Zeitreihenanalyse gnd http://d-nb.info/gnd/4067486-1 Endogenes Wirtschaftswachstum gnd http://d-nb.info/gnd/4378670-4 Economische groei. gtt Tijdreeksen. gtt Wiskundige modellen. gtt Wirtschaftswachstum Mathematisches Modell. idsbb Mathematisches Modell Wirtschaftswachstum. idsbb Wachstumstheorie. idsbb |
| subject_GND | http://id.loc.gov/authorities/subjects/sh94002825 http://id.loc.gov/authorities/subjects/sh85067718 http://d-nb.info/gnd/4006650-2 http://d-nb.info/gnd/4017897-3 http://d-nb.info/gnd/4160783-1 http://d-nb.info/gnd/4027556-5 http://d-nb.info/gnd/4127141-5 http://d-nb.info/gnd/4128160-3 http://d-nb.info/gnd/4066527-6 http://d-nb.info/gnd/4067486-1 http://d-nb.info/gnd/4378670-4 |
| title | The forces of economic growth : a time series perspective / |
| title_auth | The forces of economic growth : a time series perspective / |
| title_exact_search | The forces of economic growth : a time series perspective / |
| title_full | The forces of economic growth : a time series perspective / Alfred Greiner, Willi, Semmler, and Gang Gong. |
| title_fullStr | The forces of economic growth : a time series perspective / Alfred Greiner, Willi, Semmler, and Gang Gong. |
| title_full_unstemmed | The forces of economic growth : a time series perspective / Alfred Greiner, Willi, Semmler, and Gang Gong. |
| title_short | The forces of economic growth : |
| title_sort | forces of economic growth a time series perspective |
| title_sub | a time series perspective / |
| topic | Economic development Mathematical models. http://id.loc.gov/authorities/subjects/sh94002825 Time-series analysis Mathematical models. Investments Mathematical models. http://id.loc.gov/authorities/subjects/sh85067718 Human capital Mathematical models. Education Economic aspects Mathematical models. Research, Industrial Economic aspects Mathematical models. Développement économique Modèles mathématiques. Série chronologique Modèles mathématiques. Investissements Modèles mathématiques. Ressources humaines Modèles mathématiques. Éducation Aspect économique Modèles mathématiques. Recherche industrielle Aspect économique Modèles mathématiques. BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh POLITICAL SCIENCE Public Policy Economic Policy. bisacsh Séries temporelles. eclas Croissance économique. eclas Modèles de croissance. eclas Modèles mathématiques. eclas Capital humain. eclas Education. eclas Recherche industrielle. eclas Revenu. eclas Analyse comparative. eclas Pays développés. eclas Economic development Mathematical models fast Education Economic aspects Mathematical models fast Human capital Mathematical models fast Investments Mathematical models fast Research, Industrial Economic aspects Mathematical models fast Time-series analysis Mathematical models fast Bildung gnd http://d-nb.info/gnd/4006650-2 Forschung und Entwicklung gnd http://d-nb.info/gnd/4017897-3 Humankapital gnd http://d-nb.info/gnd/4160783-1 Investition gnd http://d-nb.info/gnd/4027556-5 Wachstumsmodell gnd http://d-nb.info/gnd/4127141-5 Wachstumstheorie gnd http://d-nb.info/gnd/4128160-3 Wirtschaftsentwicklung gnd Wirtschaftswachstum gnd http://d-nb.info/gnd/4066527-6 Zeitreihenanalyse gnd http://d-nb.info/gnd/4067486-1 Endogenes Wirtschaftswachstum gnd http://d-nb.info/gnd/4378670-4 Economische groei. gtt Tijdreeksen. gtt Wiskundige modellen. gtt Wirtschaftswachstum Mathematisches Modell. idsbb Mathematisches Modell Wirtschaftswachstum. idsbb Wachstumstheorie. idsbb |
| topic_facet | Economic development Mathematical models. Time-series analysis Mathematical models. Investments Mathematical models. Human capital Mathematical models. Education Economic aspects Mathematical models. Research, Industrial Economic aspects Mathematical models. Développement économique Modèles mathématiques. Série chronologique Modèles mathématiques. Investissements Modèles mathématiques. Ressources humaines Modèles mathématiques. Éducation Aspect économique Modèles mathématiques. Recherche industrielle Aspect économique Modèles mathématiques. BUSINESS & ECONOMICS Economics General. BUSINESS & ECONOMICS Reference. POLITICAL SCIENCE Public Policy Economic Policy. Séries temporelles. Croissance économique. Modèles de croissance. Modèles mathématiques. Capital humain. Education. Recherche industrielle. Revenu. Analyse comparative. Pays développés. Economic development Mathematical models Education Economic aspects Mathematical models Human capital Mathematical models Investments Mathematical models Research, Industrial Economic aspects Mathematical models Time-series analysis Mathematical models Bildung Forschung und Entwicklung Humankapital Investition Wachstumsmodell Wachstumstheorie Wirtschaftsentwicklung Wirtschaftswachstum Zeitreihenanalyse Endogenes Wirtschaftswachstum Economische groei. Tijdreeksen. Wiskundige modellen. Wirtschaftswachstum Mathematisches Modell. Mathematisches Modell Wirtschaftswachstum. Wachstumstheorie. |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1159023 |
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