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Growth and distribution / Duncan K. Foley and Thomas R. Michl.

Por: Colaborador(es): Idioma: Español Cambridge, MA : Harvard University Press, ©1999Descripción: xvii, 355 pages : illustrations ; 24 cmISBN:
  • 0674364201 (alk. paper)
Tema(s): Clasificación CDD:
  • 338.9
Clasificación LoC:
  • HD75 .F65 1999
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Descripciones mejoradas de Syndetics:

Growth and Distribution is the first text designed to support a comprehensive advanced undergraduate or graduate course on the theory, measurement, and history of economic growth. The book, which presents Classical and Keynesian in parallel with Neoclassical approaches to growth theory, introduces students to advanced tools of intertemporal economic analysis through carefully developed treatments of land- and resource-limited growth, and covers money and growth, the impact of government debt and social security systems on growth, and theories of endogenous growth and endogenous technical change. The models emphasize rigorous reasoning from basic economic principles and insights without excessive formal complication, and respond to students' interest in the history and policy dilemmas of real-world economies. Surveys of data and discussion of empirical controversies are closely integrated with the development of theoretical tools. The book includes access to a comprehensive data set extending the Penn World Tables in a form suitable for exploration in hands-on student projects.

In addition to carefully worked examples showing how to use the analytical techniques presented, the book contains many problems suitable for inclusion in problem sets and examinations. Detailed answers to these problems are also provided.

Includes bibliographical references (p.299-309) and index.

Tabla de contenidos provista por Syndetics

  • Preface
  • Notation
  • 1 Introduction
  • Economic Growth in Historical Perspective
  • Quality and Quantity
  • Human Relationships
  • Economic Theories of Growth
  • Suggested Readings
  • 2 Measuring Growth and Distribution
  • Measuring Output and Inputs
  • Time and Production
  • A Note on Units
  • Technology in the Real World
  • The Uses of Output: Investment and Consumption
  • The Social Consumption-Growth Rate Schedule
  • The Distribution of Income: Wages and Profit
  • The Real Wage-Profit Rate Schedule
  • Income Shares
  • The Growth-Distribution Schedule
  • Changes in Labor and Capital Productivity
  • Comparing Economies
  • Global Economic Leadership
  • Labor Productivity Growth in Real Economies
  • Stylized Facts
  • Suggested Readings
  • 3 Models of Production
  • Accounting Frameworks and Explanatory Models
  • A Model of Production
  • Agents and Distribution
  • Choice of Technique and Production Functions
  • Particular Production Functions
  • The Leontief Production Function
  • The Cobb-Douglas Production Function
  • Classifying Technical Change
  • Two-sector Growth-Distribution Schedules
  • Models of Production and Models of Growth
  • Suggested Readings
  • 4 The Labor Market
  • Models of Economic Growth
  • Labor Supply and Demand
  • The Classical Conventional Wage Model
  • The Neoclassical Full Employment Model
  • Toward a Model of Economic Growth
  • Growth in Real Economies
  • Suggested Readings
  • 5 Models of Consumption and Saving
  • A Two-Period Consumption-Saving Model
  • Solving the Two-period Consumption Problem
  • An Infinite-Horizon Model
  • Solving the Infinite-Horizon Problem
  • The Constant Saving Rate Model
  • Saving Rates and Growth Rates
  • Suggested Readings
  • 6 Classical Models of Economic Growth
  • The Classical Conventional Wage Model
  • Comparative Dynamics in the Conventional Wage Model
  • Labor-Saving Technical Change in the Classical Model
  • Choice of Technique in the Classical Model
  • A Classical Model of Growth with Full Employment
  • Choice of Technique in the Classical Full-Employment Model
  • The Classical Approac to Growth
  • Suggested Readings
  • 7 Biased Technical Change in the Classical Model
  • The Classical Conventional Wage Share Model with Biased Technical Change
  • Viability of Technical Change
  • Biased Technical Change and the Fossil Production Function
  • Convergence and the Classical Model
  • One Vision of Economic Growth
  • Suggested Readings
  • 8 The Neoclassical Growth Model
  • The Solow-Swan Model
  • The Intensive Production Function
  • Saving, Population, and Steady State Growth
  • The Solow-Swan Model and the Growth-Distribution Schedule
  • The Complete Model
  • Substitution and Distribution
  • Comparative Dynamics
  • Transitional Dynamics
  • Limitations of the Solow-Swan Model
  • Suggested Readings
  • 9 Technical Change in the Neoclassical Model
  • Technical Change and the Production Function
  • The Solow-Swan Model with Harrod-Neutral Technical Change
  • Growth Accounting
  • Classical and Neoclassical Interpretations of the Residual
  • Comparative Steady State Dynamics in the Solow-Swan Model
  • Transitional Dynamics in the Solow-Swan Model
  • Suggested Readings
  • 10 Investment
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