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Purchase Benefits
What is included with this book?
Preface | p. XIII |
Introduction: The Facts of Economic Growth | p. 1 |
The Data of Growth and Development | p. 3 |
Other "Stylized Facts" | p. 13 |
The Remainder of This Book | p. 18 |
The Solow Model | p. 20 |
The Basic Solow Model | p. 22 |
Solving the Basic Solow Model | p. 26 |
The Solow Diagram | p. 27 |
Comparative Statics | p. 30 |
Properties of the Steady State | p. 32 |
Economic Growth in the Simple Model | p. 34 |
Technology and the Solow Model | p. 36 |
The Solow Diagram with Technology | p. 38 |
Solving for the Steady State | p. 39 |
Evaluating the Solow Model | p. 43 |
Growth Accounting, the Productivity Slowdown, and the New Economy | p. 45 |
Closed-form Solution of the Solow Model | p. 50 |
Exercises | p. 51 |
Empirical Applications of Neoclassical Growth Models | p. 54 |
The Solow Model with Human Capital | p. 54 |
Convrgence and Explaining Differences in Growth Rates | p. 63 |
The Evolution of the Income Distribution | p. 71 |
Exercises | p. 75 |
The Economics of Ideas | p. 78 |
What is Technology? | p. 79 |
The Economics of Ideas | p. 80 |
Intellectual Property Rights and the Industrial Revolution | p. 86 |
Data on Ideas | p. 91 |
Summary | p. 94 |
Exercises | p. 94 |
The Engine of Growth | p. 96 |
The Basic Elements of the Model | p. 97 |
Growth in the Romer Model | p. 101 |
Growth Effects versus Level Effects | p. 106 |
Comparative Statics: A Permanent Increase in the RandD Share | p. 106 |
The Economics of the Model | p. 110 |
The Final-Goods Sector | p. 111 |
The Intermediate-Goods Sector | p. 113 |
The Research Sector | p. 115 |
Solving the Model | p. 116 |
Optimal RandD | p. 118 |
Summary | p. 120 |
Solving for the RandD Share | p. 122 |
Exercises | p. 123 |
A Simple Model of Growth and Development | p. 124 |
The Basic Model | p. 124 |
Steady-State Analysis | p. 127 |
Technology Transfer | p. 131 |
Understanding Differences in Growth Rates | p. 132 |
Exercises | p. 134 |
Social Infrastructure and Long-run Economic Performance | p. 136 |
A Business Investment Problem | p. 137 |
Determinants of F | p. 138 |
Determinants of II | p. 140 |
Which Investments to Make? | p. 142 |
Empirical Evidence | p. 143 |
The Choice of Social Infrastructure | p. 147 |
Growth Miracles and Disasters | p. 149 |
Summary | p. 153 |
Exercises | p. 154 |
Alternative Theories of Endogenous Growth | p. 156 |
A Simple Endogenous Growth Model: The "AK" Model | p. 157 |
Intuition and other Growth Models | p. 160 |
Externalities and AK Models | p. 161 |
Evaluating Endogenous Growth Models | p. 164 |
What Is Endogenous Growth? | p. 166 |
Exercises | p. 167 |
Natural Resources and Economic Growth | p. 169 |
Land in the Solow Model | p. 170 |
Nonrenewable Resources | p. 173 |
Setup | p. 173 |
The Balanced Growth Path | p. 176 |
Quantifying the Importance of Natural Resources | p. 178 |
Prices As Indicators of Scarcity | p. 180 |
Implications and Explanations of Declining Factor Shares | p. 185 |
Summary | p. 189 |
Exercises | p. 190 |
Understanding Economic Growth | p. 193 |
Why Are We So Rich and They So Poor? | p. 194 |
What Is the Engine of Economic Growth? | p. 195 |
How Do We Understand Growth Miracles? | p. 195 |
Conclusion | p. 196 |
Mathematical Review | p. 199 |
Derivatives | p. 199 |
What Does K Mean? | p. 199 |
What Is a Growth Rate? | p. 200 |
Growth Rates and Natural Logs | p. 201 |
"Take Logs and Derivatives" | p. 202 |
Ratios and Growth Rates | p. 202 |
[Delta]log versus Percentage Change | p. 203 |
Integration | p. 204 |
An Important Rule of Integration | p. 205 |
Simple Differential Equations | p. 205 |
Compound Interest | p. 208 |
Maximization of A Function | p. 209 |
Exercises | p. 211 |
Readings of Interest | p. 213 |
Data on Economic Growth | p. 215 |
Bibliography | p. 221 |
Index | p. 227 |
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The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.