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Handbook of Economic Growth
- 1st Edition, Volume 2 - December 10, 2013
- Editors: Philippe Aghion, Steven Durlauf
- Language: English
- eBook ISBN:9 7 8 - 0 - 4 4 4 - 5 3 5 4 7 - 4
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 mechanism… Read more
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Request a sales quoteVolumes 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
Graduate students and professors worldwide working in all subdisciplines of economics.
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
Abstract
3.1 Introduction
3.2 A Theory of Relatedness and Growth
3.3 Empirical Methodology and Data
3.4 Barriers to Development: Empirical Results
3.5 Ancestry and Long-Run Development
3.6 Conclusion
APPENDIX 1 Technologies Used in the Various Datasets
References
Chapter 4. Family Ties
Abstract
4.1 Introduction
4.2 Literature Review
4.3 Conceptual Framework
4.4 How to Measure Family Ties
4.5 Where Family Ties Come From
4.6 Empirical Analysis
4.7 Family Ties, Development, and Institutions
4.8 Family Ties and Well-being
4.9 Conclusion
Acknowledgment
References
Chapter 5. The Industrial Revolution
Abstract
5.1 Introduction
5.2 Theories of the Industrial Revolution
5.3 Changes in People
5.4 Technological Change Before the Industrial Revolution
5.5 Conclusion
References
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?
Abstract
1.1 Introduction
1.2 Schumpeterian Growth: Basic Model
1.3 Growth Meets IO
1.4 Schumpeterian Growth and Firm Dynamics
1.5 Growth Meets Development
1.6 Schumpeterian Waves
1.7 Conclusion
Acknowledgment
References
Chapter 2. Technology Diffusion: Measurement, Causes, and Consequences
Abstract
2.1 Introduction
2.2 Measurement
2.3 Drivers of Technology Adoption
2.4 Effects of Technology Adoption
2.5 Concluding Remarks
A Description of Technologies used to Estimate Diffusion Curves
B Additional Tables
References
Chapter 3. Health and Economic Growth
Abstract
3.1 Introduction
3.2 Facts
3.3 Interaction of Health and Income: A theoretical Framework
3.4 Impact of Income on Health
3.5 Impact of Health on Economic Growth
3.6 Health as a Component of Economic Growth
3.7 Conclusion
Acknowledgments
References
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
Abstract
5.1 Introduction
5.2 Land Use and Transportation
5.3 Housing
5.4 Urban Amenities
5.5 Agglomeration Economies
5.6 Human Capital and Entrepreneurship
5.7 Random Urban Growth
5.8 Conclusion
Acknowledgments
References
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
- No. of pages: 1176
- Language: English
- Edition: 1
- Volume: 2
- Published: December 10, 2013
- Imprint: North Holland
- eBook ISBN: 9780444535474
PA
Philippe Aghion
Affiliations and expertise
Harvard University, Cambridge, MA, USASD
Steven Durlauf
Stephen Durlauf is Kenneth J. Arrow Professor of Economics, Laurents R. Christensen Professor of Economics, and Vilas Professor at the University of Wisconsin, Madison. He is a Fellow in the Econometric Society and in the American Academy of Arts and Sciences.
Affiliations and expertise
University of Wisconsin at Madison, WI, USARead Handbook of Economic Growth on ScienceDirect