Resumen del libro

Reseña: "Introduction to Modern Economic Growth" is a groundbreaking text from one of today's leading economists. It gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. It introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. The book: introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis; focuses on the big-picture questions of economic growth; provides mathematical foundations; presents dynamic general equilibrium; covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages; and, addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change.

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indice: Pt. I Introduction Ch. 1 Economic Growth and Economic Development: The Questions 3 Ch. 2 The Solow Growth Model 26 Ch. 3 The Solow Model and the Data 77 Ch. 4 Fundamental Determinants of Differences in Economic Performance 109 Pt. II Toward Neoclassical Growth Ch. 5 Foundations of Neoclassical Growth 147 Ch. 6 Infinite-Horizon Optimization and Dynamic Programming 182 Ch. 7 An Introduction to the Theory of Optimal Control 227 Pt. III Neoclassical Growth Ch. 8 The Neoclassical Growth Model 287 Ch. 9 Growth with Overlapping Generations 327 Ch. 10 Human Capital and Economic Growth 359 Ch. 11 First-Generation Models of Endogenous Growth 387 Pt. IV Endogenous Technological Change Ch. 12 Modeling Technological Change 411 Ch. 13 Expanding Variety Models 433 Ch. 14 Models of Schumpeterian Growth 458 Ch. 15 Directed Technological Change 497 Pt. V Stochastic Growth Ch. 16 Stochastic Dynamic Programming 537 Ch. 17 Stochastic Growth Models 566 Pt. VI Technology Diffusion, Trade, and Interdependences Ch. 18 Diffusion of Technology 611 Ch. 19 Trade and Growth 648

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