Book description
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
Table of contents
- Cover image
- Title page
- Table of Contents
- Copyright
- Contributors
-
Chapter 1. Culture, Entrepreneurship, and Growth
- Abstract
- 1.1 Introduction
- 1.2 A Framework for Analyzing the Interaction of Cultural Preferences, Entrepreneurship, and Growth
- 1.3 Endogenous Culture I: Weber and the Transmission of Patience
- 1.4 Endogenous Culture II: Knight and the Transmission of Risk Tolerance
- 1.5 Paternalistic Motives for Preference Transmission
- 1.6 Literature Review
- 1.7 Outlook and Conclusions
- Acknowledgments
- A Proofs of Propositions and Lemmas
- References
-
Chapter 2. Trust, Growth, and Well-Being: New Evidence and Policy Implications
- Abstract
- 2.1 Introduction
- 2.2 Theoretical Foundations
- 2.3 Empirical Measures of Trust
- 2.4 The Dynamics of Trust
- 2.5 Trust, Income Per Capita, and Growth
- 2.6 Channels of Influence of Trust on Economic Outcomes
- 2.7 Institutions, Policies, and Trust
- 2.8 Future Avenues: Trust and Well-Being
- Acknowledgments
- References
- Chapter 3. Long-Term Barriers to Economic Development
- Chapter 4. Family Ties
- Chapter 5. The Industrial Revolution
-
Chapter 6. Twentieth Century Growth
- Abstract
- 6.1 Introduction
- 6.2 Setting the Stage
- 6.3 Twentieth century growth: What Happened?
- 6.4 The Proximate Sources of Growth
- 6.5 Growth in the Leader: The United States
- 6.6 The Economic Historian’s View of Catch-Up
- 6.7 Case Studies I: Initial Success, Subsequent Disappointment
- 6.8 Case Studies II: Success, At Least for Now
- 6.9 Case Studies III: Failures
- 6.10 Conclusions
- References
-
Chapter 7. Historical Development
- Abstract
- 7.1 Introduction
- 7.2 European Colonial Rule
- 7.3 Other Important Historical Events
- 7.4 Geography and History
- 7.5 Mechanisms Underlying Historical Persistence
- 7.6 Unresolved Questions And Directions for Future Research
- 7.7 Conclusions: Looking Back while Moving Forward
- Acknowledgment
- References
-
Chapter 8. Institutions and Economic Growth in Historical Perspective
- Abstract
- 8.1 Introduction
- 8.2 Lesson 1: Public-Order Institutions are Necessary for Markets to Function
- 8.3 Lesson 2: Strong Parliaments do not Guarantee Economic Success
- 8.4 Lesson 3: The Key Distinction Is Between Generalized and Particularized Institutions
- 8.5 Lesson 4: Property Rights Institutions and Contracting Institutions Both Matter, and are not Separable
- 8.6 Lesson 5: Property Rights are More Likely to be Beneficial for Growth if they are Generalized Rather than Particularized
- 8.7 Lesson 6: Security of Private Property Rights is a Matter of Degree (and Needs Careful Analysis)
- 8.8 Lesson 7. Institutions are Embedded in a Wider Institutional System
- 8.9 Lesson 8: Distributional Conflicts are Central
- 8.10 Illustration of the Lessons: Serfdom and Growth
- 8.11 Conclusion
- Acknowledgment
- References
- Chapter 1. What Do We Learn From Schumpeterian Growth Theory?
- Chapter 2. Technology Diffusion: Measurement, Causes, and Consequences
- Chapter 3. Health and Economic Growth
-
Chapter 4. Regional Growth and Regional Decline
- Abstract
- 4.1 Introduction
- 4.2 Convergence, Divergence, Polarization
- 4.3 Do Regional Disparities Matter?
- 4.4 Models of Regional Prosperity
- 4.5 Geography and Growth
- 4.6 Regional Prosperity: Data and Methods
- 4.7 What Determines Regional Prosperity?
- 4.8 Regional Decline
- 4.9 Conclusions
- 4.10 Appendix: Data and Methods
- Acknowledgments
- References
- Chapter 5. The Growth of Cities
-
Chapter 6. Growth and Structural Transformation
- Abstract
- 6.1 Introduction
- 6.2 The Stylized Facts of Structural Transformation
- 6.3 Modeling Structural Transformation and Growth
- 6.4 The Economic Forces Behind Structural Transformation: Theoretical Analysis
- 6.5 The Economic Forces Behind Structural Transformation: Empirical Analysis
- 6.6 Extensions of the Benchmark Model
- 6.7 Applications of Structural Transformation
- 6.8 Conclusion
- Acknowledgments
- Appendix A Data Sources and Sector Assignments
- Appendix B Panel Regressions
- References
-
Chapter 7. The Chinese Growth Miracle
- Abstract
- 7.1 Introduction
- 7.2 Economic Growth in China: Achievements and Features
- 7.3 The Economics of the Miracle
- 7.4 The Political Economy of the Miracle
- 7.5 Explaining China’s Export-led Growth Model
- 7.6 Domestic and Global Imbalances
- 7.7 Inequality and the Middle-income Trap
- 7.8 Conclusions
- Acknowledgments
- References
-
Chapter 8. Growth from Globalization? A View from the Very Long Run
- Abstract
- 8.1 Introduction
- 8.2 Measuring “Globalization”
- 8.3 Channels: The Theoretical Links between Globalization and Growth
- 8.4 Globalization and History: From Antiquity to the 18th Century
- 8.5 Globalization and the British Industrial Revolution
- 8.6 Globalization and the International Diffusion of the Industrial Revolution: 1820–1913
- 8.7 Cross-Country Comparative Evidence from the Late 19th Century
- 8.8 Globalization and the Great Divergence: The Periphery Falls Behind
- 8.9 Conclusions
- Acknowledgments
- References
- Author Index
- Subject Index
Product information
- Title: Handbook of Economic Growth
- Author(s):
- Release date: December 2013
- Publisher(s): North Holland
- ISBN: 9780444535474
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