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Growth Theory: Solow And His Modern Exponents

Growth Theory: Solow And His Modern Exponents

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  • ISBN:9780195675245
  • Editorial: Oxford University Press
  • Fecha de la edición:
  • Encuadernación:Tapa dura
  • Dimensiones: 0 cm x 22 cm
  • Nº Pág.:304
  • Idiomas:Ingles,Inglés

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The problem of economic growth today constitutes one of the most important concerns facing policy planners from developing as well as developed countries. This has triggered renewed interest in growth economics among theorists.

This volume highlights some recent advances in growth theory including:

· long run growth
· financing infrastructure
· taxation policies
· resource allocation for technogocial progress
· human capital formation

The author uses a common framework to analyse different models and to highlight and compare distinguishing features of individual models. Solow's neo-classical model of growth is used as a basic reference point to build other ideas.

Based on the experience of the author in the clasrooms, the book uses undergraduate mathematics for a lucid and simple exposition of growth economics. The volume will be of immense value as a textbook for senior undergraduate and postgraduate students, and research scholars, as well as a teaching and research tool.

Part I: The Solow Model and Optimal Control Theory

Long Run Growth: Objectives and Received Theory

Growth in Private and Command Economies

Part II: Selected Models of New Growth Theory

Technical Progress as a Spillover

Technical Progress as a Conscious Economic Activity I

Technical Progress as a Conscious Economic Activity II

Research and Uncertainty

References

Index

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