Economic Growth

Front Cover
MIT Press, 2004 - Business & Economics - 654 pages
8 Reviews

This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research.After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.

  

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Contents

III
1
IV
6
V
12
VI
16
VII
21
VIII
23
IX
26
X
61
LXIII
319
LXIV
333
LXV
339
LXVI
342
LXVII
343
LXVIII
347
LXIX
349
LXX
351

XI
71
XII
77
XIII
81
XIV
85
XV
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XVI
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XIX
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XXI
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XXX
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XXXI
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XXXIII
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XXXIV
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XXXV
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XL
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XLI
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XLIX
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L
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LII
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LIII
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LIV
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LV
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LVIII
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LIX
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LXI
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LXXI
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LXXII
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LXXIII
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LXXIV
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LXXXI
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LXXXVIII
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LXXXIX
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C
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CI
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CIII
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CIV
511
CVI
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CVIII
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CX
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CXI
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CXIII
597
CXIV
604
CXV
618
CXVI
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CXVII
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CXVIII
641
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About the author (2004)

Robert J. Barro is Robert C. Waggoner Professor of Economics at Harvard University and a senior fellow of the Hoover Institution at Stanford University.

Xavier Sala-i-Martin is Professor of Economics at Columbia University, and visiting professor at the University of Pompeu Fabra, Barcelona.