Economic GrowthThe long-awaited second edition of an important textbook on economicgrowth--a major revision incorporating the most recent work on the subject. |
From inside the book
Results 1-3 of 96
Page 181
... sector of production , and the same condition holds for human capital . These condi- tions lead to the following relation between v and u : v ( ) ( ) ( ) ( ) ( 5.15 ) · ་ Equation ( 5.15 ) implies that v and u are positively related ...
... sector of production , and the same condition holds for human capital . These condi- tions lead to the following relation between v and u : v ( ) ( ) ( ) ( ) ( 5.15 ) · ་ Equation ( 5.15 ) implies that v and u are positively related ...
Page 193
... sector model . In the one - sector model , larger imbalances between K and H in either direction raise the growth rates of output and consumption . Note that , in the one - sector model , output includes consumables plus both forms of ...
... sector model . In the one - sector model , larger imbalances between K and H in either direction raise the growth rates of output and consumption . Note that , in the one - sector model , output includes consumables plus both forms of ...
Page 243
... sector j , then the available grades in the sector are 1 , q , q2 , ( q ) . Increases in the quality of goods available in a sector - that is , rises in K - result from the successful application of research effort , to be described ...
... sector j , then the available grades in the sector are 1 , q , q2 , ( q ) . Increases in the quality of goods available in a sector - that is , rises in K - result from the successful application of research effort , to be described ...
Other editions - View all
Economic Growth Robert J. Barro,Barro Robert J Sala-I-Martin Xavier,Xavier Sala-i-Martin No preview available - 2003 |
Common terms and phrases
adjustment costs aggregate assume average behavior capita GDP capita growth rate capita income capital stock Chapter Cobb-Douglas column conditional convergence constant consumption corresponds countries differential equation diminishing returns effect eigenvalues equals estimated coefficient FIGURE finite-horizon first-order conditions given Hence higher households human capital implies increase initial innovation input interest rate intermediate l'Hôpital's rule labor linear locus log(GDP marginal product migration rate monopoly monotonically negative neoclassical neoclassical growth model optimization output p-value parameters Pareto optimal path phase diagram physical capital population positive prefectures product of capital production function quantity Ramsey model rate of return ratio real per capita regions regressions relation rises saving rate sector shadow price shown in Eq shows social planner Solow-Swan model speed of convergence steady steady-state value subperiods technological progress tends term transitional dynamics transversality condition unit variables wage rate y₁