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Economic Transformations

Economic Transformations Author Richard G. Lipsey
ISBN-10 0191558095
Release 2005-11-03
Pages 618
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This book examines the long term economic growth that has raised the West's material living standards to levels undreamed of by counterparts in any previous time or place. The authors argue that this growth has been driven by technological revolutions that have periodically transformed the West's economic, social and political landscape over the last 10,000 years and allowed the West to become, until recently, the world's only dominant technological force. Unique in the diversity of the analytical techniques used, the book begins with a discussion of the causes and consequences of economic growth and technological change. The authors argue that long term economic growth is largely driven by pervasive technologies now known as General Purpose (GPTs). They establish an alternative to the standard growth models that use an aggregate production function and then introduce the concept of GPTs, complete with a study of how these technologies have transformed the West since the Neolithic Agricultural Revolution. Early modern science is given more importance than in most other treatments and the 19th century demographic revolution is studied with a combination of formal models of population dynamics and historical analysis. The authors argue that once sustained growth was established in the West, formal models can shed much light on its subsequent behaviour. They build non-conventional, dynamic, non-stationary equilibrium models of GPT-driven growth that incorporate a range of phenomena that their historical studies show to be important but which are excluded from other GPT models in the interests of analytical tractability. The book concludes with a study of the policy implications that follow from their unique approach.



The Mystery of Economic Growth

The Mystery of Economic Growth Author Elhanan Helpman
ISBN-10 9780674038561
Release 2009-06-30
Pages 240
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Far more than an intellectual puzzle for pundits, economists, and policymakers, economic growth--its makings and workings--is a subject that affects the well-being of billions of people around the globe. In The Mystery of Economic Growth, Elhanan Helpman discusses the vast research that has revolutionized understanding of this subject in recent years, and summarizes and explains its critical messages in clear, concise, and accessible terms. The tale of growth economics, as Helpman tells it, is organized around a number of themes: the importance of the accumulation of physical and human capital; the effect of technological factors on the rate of this accumulation; the process of knowledge creation and its influence on productivity; the interdependence of the growth rates of different countries; and, finally, the role of economic and political institutions in encouraging accumulation, innovation, and change. One of the leading researchers of economic growth, Helpman succinctly reviews, critiques, and integrates current research--on capital accumulation, education, productivity, trade, inequality, geography, and institutions--and clarifies its relevance for global economic inequities. In particular, he points to institutions--including property rights protection, legal systems, customs, and political systems--as the key to the mystery of economic growth. Solving this mystery could lead to policies capable of setting the poorest countries on the path toward sustained growth of per capita income and all that that implies--and Helpman's work is a welcome and necessary step in this direction.



General Purpose Technologies and Economic Growth

General Purpose Technologies and Economic Growth Author Elhanan Helpman
ISBN-10 0262082632
Release 1998
Pages 315
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The study of general purpose technologies (GPTs) is relatively new. The essays in this book aim to both further our understanding of GPT-driven economic growth and lay the foundation for further developments of the available frameworks.



Is War Necessary for Economic Growth

Is War Necessary for Economic Growth Author Vernon W. Ruttan
ISBN-10 0198040652
Release 2006-01-05
Pages 232
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Military and defense-related procurement has been an important source of technology development across a broad spectrum of industries that account for an important share of United States industrial production. In this book, the author focuses on six general-purpose technologies: interchangeable parts and mass production; military and commercial aircraft; nuclear energy and electric power; computers and semiconductors; the INTERNET; and the space industries. In each of these industries, technology development would have occurred more slowly, and in some case much more slowly or not at all, in the absence of military and defense-related procurement. The book addresses three questions that have significant implications for the future growth of the United States economy. One is whether changes in the structure of the United States economy and of the defense-industrial base preclude military and defense-related procurement from playing the role in the development of advanced technology in the future, comparable to the role it has played in the past. A second question is whether public support for commercially oriented research and development will become an important source of new general-purpose technologies. A third and more disturbing question is whether a major war, or the threat of major war, will be necessary to mobilize the scientific, technical, and financial resources necessary to induce the development of new general-purpose technologies. When the history of United States technology development in the next half century is written, it will focus on incremental rather than revolutionary changes in both military and commercial technology. It will also be written within the context of slower productivity growth than of the relatively high rates that prevailed in the United States in the 1950s and 1960s or during the information technology bubble that began in the early 1990s. These will impose severe constraints on the capacity of the United States to sustain a global-class military posture and a position of leadership in the global economy.



Development Centre Studies Chinese Economic Performance in the Long Run 960 2030 AD Second Edition Revised and Updated

Development Centre Studies Chinese Economic Performance in the Long Run  960 2030 AD  Second Edition  Revised and Updated Author Maddison Angus
ISBN-10 9789264037632
Release 2007-09-28
Pages 196
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This book uses a comparative approach to explain why China’s role in the world economy has changed so dramatically in the last thousand years. This edition has been revised and updated and Chapter 4 is new. It concludes that China will resume its role as the world's largest economy by 2015.



Introduction to Modern Economic Growth

Introduction to Modern Economic Growth Author Daron Acemoglu
ISBN-10 9781400835775
Release 2008-12-15
Pages 1008
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Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: http://press.princeton.edu/titles/8970.html. For Professors only: To access a complete solutions manual online, email us at: [email protected]



The Challenge of Global Capitalism

The Challenge of Global Capitalism Author Robert Gilpin
ISBN-10 9780691186474
Release 2018-06-05
Pages
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The Challenge of Global Capitalism has been writing in one form or another for most of life. You can find so many inspiration from The Challenge of Global Capitalism also informative, and entertaining. Click DOWNLOAD or Read Online button to get full The Challenge of Global Capitalism book for free.



Urbanization and Growth

Urbanization and Growth Author Michael Spence
ISBN-10 0821375741
Release 2008-11-26
Pages 288
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Why is productivity higher in cities? Does urbanization cause growth or does growth cause urbanization? Do countries achieve rapid growth or high incomes without urbanization? How can policy makers reap the benefits of urbanization without paying too high a cost? Does supporting urbanization imply neglecting rural areas? Why do so few governments welcome urbanization? What should governments do to improve housing conditions in cities as they urbanize? Are innovations in housing finance a blessing or a curse for developing countries? How will governments finance the trillions of dollars of infrastructure spending needed for cities in developing countries? First in a series of thematic volumes, this book was prepared for the Commission on Growth and Development to evaluate the state of knowledge of the relationship between urbanization and economic growth. It does not pretend to provide all the answers, but it does identify insights and policy levers to help countries make urbanization work as part of a national growth strategy. It examines a variety of topics: the relevance and policy implications of recent advances in urban economics for developing countries, the role of economic geography in global economic trends and trade patterns, the impacts of urbanization on spatial inequality within countries, and alternative approaches to financing the substantial infrastructure investments required in developing-country cities. Written by prominent academics in their fields, Urbanization and Growth seeks to create a better understanding of the role of urbanization in growth and to inform policy makers tackling the formidable challenges it poses.



Economic Growth and Government Spending in Saudi Arabia an Empirical Investigation

Economic Growth and Government Spending in Saudi Arabia  an Empirical Investigation Author Mr. Saad A. Alshahrani
ISBN-10 9781484349595
Release 2014-01-13
Pages 26
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This paper empirically examines the effects of different types of government expenditures, on economic growth in Saudi Arabia. We use different econometric techniques to estimate the short- and long-run effects of these expenditures on growth and employ annual data over the period 1969-2010. Our findings indicate that while private domestic and public investments, as well as healthcare expenditure, stimulate growth in the long-run, openness to trade and spending in the housing sector can also boost short-run production. These findings draw some policy implications for Saudi policymakers on maximizing the returns of the government spending on economic growth.



An Evolutionary Theory of Economic Change

An Evolutionary Theory of Economic Change Author Richard R. Nelson
ISBN-10 0674041437
Release 2009-06-01
Pages 454
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This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.



Handbook of Economic Growth

Handbook of Economic Growth Author Philippe Aghion
ISBN-10 9780444535474
Release 2013-12-20
Pages 1176
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Volumes 2A and 2B of The Handbook of Economic Growth summarize recent advances in theoretical and empirical work while offering new perspectives on a range of growth mechanisms, from the roles played by institutions and organizations to the ways factors beyond capital accumulation and technological change can affect growth. Written by research leaders, the chapters summarize and evaluate recent advances while explaining where further research might be profitable. With analyses that are provocative and controversial because they are so directly relevant to public policy and private decision-making, these two volumes uphold the standard for excellence in applied economics set by Volumes 1A and 1B (2005). Offers definitive theoretical and empirical scholarship about growth economics Empowers readers to evaluate the work of other economists and to plan their own research projects Demonstrates the value of empirical testing, with its implicit conclusion that our understanding of economic growth will help everyone make better decisions



Handbook of Economic Growth

Handbook of Economic Growth Author Philippe Aghion
ISBN-10 9780444520432
Release 2005
Pages 1867
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Featuring survey articles by leading economists working on growth theory, this two-volume set covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms. It also covers technology, trade and geography, and growth and socio-economic development.



The Knowledge Economy and Lifelong Learning

The Knowledge Economy and Lifelong Learning Author D.W. Livingstone
ISBN-10 9789460919152
Release 2012-09-07
Pages 360
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This book presents some of the most trenchant critical analyses of the widespread claims for the recent emergence of a knowledge economy and the attendant need for greater lifelong learning. The book contains two sections: first, general critiques of the limits of current notions of a knowledge economy and required adult learning, in terms of historical comparisons, socio-political construction and current empirical evidence; secondly, specific challenges to presumed relations between work requirements and learning through case studies in diverse current workplaces that document richer learning processes than knowledge economy advocates intimate. Many of the leading authors in the field are represented. There are no other books to date that both critically assess the limits of the notion of the knowledge economy and examine closely the relation of workplace restructuring to lifelong learning beyond the confines of formal higher education and related educational policies. This reader provides a distinctive overview for future studies of relations between work and learning in contemporary societies beyond caricatures of the knowledge economy. The book should be of interest to students following undergraduate or postgraduate courses in most social sciences and education, business and labour studies departments, as well as to policy makers and the general public concerned about economic change and lifelong learning issues. D. W. Livingstone is Canada Research Chair in Lifelong Learning and Work and Professor Emeritus at the Ontario Institute for Studies in Education, University of Toronto. David Guile is Professor of Education and Work at the Institute of Education, University of London.



Transforming Economies

Transforming Economies Author International Labour Organization
ISBN-10 9221285650
Release 2014
Pages 402
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Transforming Economies has been writing in one form or another for most of life. You can find so many inspiration from Transforming Economies also informative, and entertaining. Click DOWNLOAD or Read Online button to get full Transforming Economies book for free.



Becoming Batman

Becoming Batman Author E. Paul Zehr
ISBN-10 9780801896217
Release 2009-11-17
Pages 320
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A fun foray of escapism grounded in sound science, Becoming Batman provides the background for attaining the realizable—though extreme—level of human performance that would allow you to be a superhero.



Innovation in General Purpose Technologies How Knowledge Gains when It Is Shared

Innovation in General Purpose Technologies   How Knowledge Gains when It Is Shared Author
ISBN-10 9783866449152
Release
Pages
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Innovation in General Purpose Technologies How Knowledge Gains when It Is Shared has been writing in one form or another for most of life. You can find so many inspiration from Innovation in General Purpose Technologies How Knowledge Gains when It Is Shared also informative, and entertaining. Click DOWNLOAD or Read Online button to get full Innovation in General Purpose Technologies How Knowledge Gains when It Is Shared book for free.



The Singularity is Near

The Singularity is Near Author Ray Kurzweil
ISBN-10 9780715640159
Release 2010-02-11
Pages 683
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Inventor and futurist Ray Kurzweil examines the next step in the evolutionary process of the union of human and machine. He foresees the dawning of a new civilization where we will be able to transcend our biological skills with the vastly greater capacity, speed and knowledge-sharing abilities of our creations. In practical terms, human aging and illness will be reversed; pollution will be stopped and world hunger and poverty will be solved. There will be no clear distinction between human and machine, real reality and virtual reality. The Singularity is Near offers a view of the coming age that is both a dramatic culmination of centuries of technological ingenuity and a genuinely inspiring vision of our ultimate destiny.