Economic Growth, second edition

Front Cover
The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject.

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
X
26
XI
61
LXIII
319
LXIV
333
LXV
339
LXVI
342
LXVII
343
LXVIII
347
LXIX
349
LXX
351

XII
71
XIII
77
XIV
81
XV
85
XVI
86
XVII
94
XVIII
97
XIX
98
XX
99
XXI
102
XXII
121
XXIII
132
XXIV
134
XXV
135
XXVI
137
XXVII
139
XXVIII
143
XXX
152
XXXI
161
XXXII
165
XXXIII
177
XXXIV
179
XXXV
189
XXXVI
190
XXXVII
200
XXXVIII
205
XL
211
XLI
212
XLII
220
XLIII
226
XLIV
232
XLVI
235
XLVII
239
XLVIII
240
XLIX
247
L
268
LI
271
LIII
274
LIV
280
LV
282
LVI
285
LVII
305
LVIII
310
LIX
313
LXI
317
LXXI
363
LXXII
368
LXXIII
370
LXXIV
373
LXXV
376
LXXVI
379
LXXVII
380
LXXVIII
381
LXXIX
383
LXXXI
407
LXXXII
422
LXXXIII
427
LXXXIV
428
LXXXV
433
LXXXVII
442
LXXXVIII
444
LXXXIX
450
XC
457
XCI
461
XCII
462
XCIII
466
XCIV
474
XCV
479
XCVI
482
XCVII
483
XCVIII
486
XCIX
490
C
492
CI
495
CII
496
CIII
497
CIV
511
CVI
515
CVII
521
CVIII
541
CX
559
CXI
567
CXII
568
CXIII
597
CXIV
604
CXV
618
CXVI
620
CXVII
627
CXVIII
641
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About the author (2003)

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.

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