Handbook of Economic Growth, Volume 1A (Handbooks in Economics)

The Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement. The Handbook of Economic Growth , edited by Philippe Aghion and Steven Durlauf, with an introduction by Robert Solow, features in-depth, authoritative survey articles by the leading economists working on growth theory. Volume 1a , the first in this two volume set, covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms. Volume 1b , the second in this two volume set, covers technology, trade and geography, and growth and socio-economic development. econ.ucalgary.ca......Page 0 http://elsa.berkeley.edu/~chad/Handbook.html......Page 1 http://elsa.berkeley.edu/%7Echad/azstach.pdf......Page 272 http://elsa.berkeley.edu/%7Echad/handbook9sj.pdf......Page 374 Jaume Ventura, MIT......Page 1426 Table of Contents......Page 1427 0. Introduction......Page 1428 1. The integrated economy......Page 1431 1.1 A workhorse model......Page 1432 1.2 Diminishing returns, market size and economic growth......Page 1438 1.3 The effects of economic integration......Page 1444 2. Specialization, trade and diminishing returns......Page 1451 2.1 Economic growth in autarky......Page 1454 2.2 Factor price equalization......Page 1458 2.3 Formal aspects of the model......Page 1467 2.4 Limits to structural transformation (I): factor proportions......Page 1470 2.5 Limits to structural transformation (II): industry productivities......Page 1482 3. Transport costs and market size......Page 1492 3.1 Nontraded goods and the cost of living......Page 1494 3.2 Agglomeration effects......Page 1505 3.3 The role of local markets......Page 1515 4. Final remarks......Page 1518 5. References......Page 1521 Figure 1......Page 1531 Per capita GDP Growth......Page 1532 Figure 3......Page 1533 Figure 4......Page 1534 Notes: This figure shows the case of strong deminishing returns and weak market size effects. In the top panel, the stock of physical capital converges monotonically to its unique steady state. The bottom panel shows the stochastic case, where the stock......Page 1535 (( + ? > 1......Page 1536 (( + ? < 1......Page 1537 Figure 10......Page 1540 Figure 11......Page 1541 Microsoft Word - Urbangrowhandbook020804.rtf......Page 1599 http://elsa.berkeley.edu/%7Echad/bourguignon.pdf......Page 1792 http://www.econ.umn.edu/%7Elej/papers/NeoclassicalHandbook.pdf......Page 4 http://post.economics.harvard.edu/faculty/aghion/papers/Growth_with_Quality.pdf......Page 60 Microsoft Word - Document1......Page 755 Microsoft Word - Rodrik4 _August 2004_.doc......Page 980 Horizontal Innovation in the Theory of Growth and Development......Page 104 Keywords......Page 105 Introduction......Page 106 The benchmark model......Page 109 Two variations of the benchmark model: ``lab-equipment'' and ``labor-for intermediates''......Page 113 Limited patent protection......Page 115 Scale effects, economic integration and trade......Page 117 Innovation, imitation and product cycles......Page 120 Directed technical change......Page 123 Factor-biased innovation and wage inequality......Page 124 Appropriate technology and development......Page 129 Trade, inequality and appropriate technology......Page 133 Complementarity in innovation......Page 137 Financial development......Page 143 Endogenous fluctuations......Page 150 Deterministic cycles......Page 151 Learning and sunspots......Page 155 References......Page 159 swp0000.dvi......Page 166 handbook15.dvi......Page 485 Growth econometrics......Page 570 I. Introduction......Page 572 iii. differences in levels of GDP per worker......Page 580 v. convergence?......Page 586 Figure 5: Growth Versus Initial Income: 1980-2000......Page 588 Figure 6: Density of Growth Rates across Countries......Page 589 Figure 7: Growth Rates in 1960-1980 versus 1980-2000......Page 590 Table 4: Growth in 1960-1980 and 1980-2000......Page 591 Table 5: Growth Rate Correlations Across Decades......Page 592 viii. Growth differences by development level and geographic......Page 593 Table 7: Growth, 1960-2000, by Country Groups......Page 594 ix. stagnation and output volatility......Page 595 Table 8: Output Collapses......Page 596 x. a summary of the stylized facts......Page 597 III. Cross-country growth regressions: from theory to empiri......Page 598 Appendix 1: Data......Page 708 Extrapolation......Page 709 Appendix 2: Variables in Cross-Country Growth Regressions......Page 710 References......Page 728 Rivera, B. and L. Currais, (1999), “Economic Growth and Heal......Page 750 Microsoft Word - Externalities and Growth, December 9.doc......Page 864 growthhandbook10.dvi......Page 929 National Policies and Economic Growth: A Reappraisal......Page 1039 Keywords......Page 1040 Theoretical models that predict strong policy effects......Page 1041 Models that predict small policy effects on growth......Page 1050 Empirics......Page 1056 Some empirical caveats......Page 1057 New empirical work......Page 1060 Policy episodes and transition paths......Page 1074 Institutions versus policies......Page 1078 References......Page 1080 http://www.econ.nyu.edu/user/jovanovi/GPT.pdf......Page 1178 http://www.econ.nyu.edu/user/violante/Books/GrowthHB_final.pdf......Page 1224 C:\WPDOCS\PAPERS\DURLAUF.WPD......Page 1087 Microsoft Word - A Unified Theory of the Evolution.doc......Page 1353 handbook08-04-04.dvi......Page 1542 swp0000.dvi......Page 1656 http://www.ssc.wisc.edu/econ/archive/wp2004-12.pdf......Page 1701 http://econ.ucalgary.ca/fac-files/st/finalHandbook.pdf......Page 1861 berkeley.edu -1 http://elsa.berkeley.edu/~chad/Handbook.html 1 http://elsa.berkeley.edu/%7Echad/azstach.pdf 272 http://elsa.berkeley.edu/%7Echad/handbook9sj.pdf 374 Jaume Ventura, MIT 1426 Table of Contents 1427 0. Introduction 1428 1. The integrated economy 1431 1.1 A workhorse model 1432 1.2 Diminishing returns, market size and economic growth 1438 1.3 The effects of economic integration 1444 2. Specialization, trade and diminishing returns 1451 2.1 Economic growth in autarky 1454 2.2 Factor price equalization 1458 2.3 Formal aspects of the model 1467 2.4 Limits to structural transformation (I): factor proportions 1470 2.5 Limits to structural transformation (II): industry productivities 1482 3. Transport costs and market size 1492 3.1 Nontraded goods and the cost of living 1494 3.2 Agglomeration effects 1505 3.3 The role of local markets 1515 4. Final remarks 1518 5. References 1521 Clean1_11_new.pdf 1 Figure 1 1531 Figure 2 1532 Per capita GDP Growth 1532 Figure 3 1533 Figure 4 1534 Figure 5 1535 (( + ? 1 1536 Figure 7 1537 Effects of Economic Integration 1537 (( + ? < 1 1537 Figure 10 1540 Figure 11 1541 Microsoft Word - Urbangrowhandbook020804.rtf 1599 http://elsa.berkeley.edu/%7Echad/bourguignon.pdf 1792 umn.edu -1 http://www.econ.umn.edu/%7Elej/papers/NeoclassicalHandbook.pdf 4 harvard.edu -1 http://post.economics.harvard.edu/faculty/aghion/papers/Growth_with_Quality.pdf 60 Microsoft Word - Document1 755 Microsoft Word - Rodrik4 _August 2004_.doc 980 www.iies.su.se -1 doi:10.1016/S1574-0684(05)01003-8 104 Horizontal Innovation in the Theory of Growth and Development 104 Abstract 105 Keywords 105 Introduction 106 Growth with expanding variety 109 The benchmark model 109 Two variations of the benchmark model: ``lab-equipment'' and ``labor-for intermediates'' 113 Limited patent protection 115 Trade, growth and imitation 117 Scale effects, economic integration and trade 117 Innovation, imitation and product cycles 120 Directed technical change 123 Factor-biased innovation and wage inequality 124 Appropriate technology and development 129 Trade, inequality and appropriate technology 133 Complementarity in innovation 137 Financial development 143 Endogenous fluctuations 150 Deterministic cycles 151 Learning and sunspots 155 Conclusions 159 Acknowledgements 159 Uncited references 159 References 159 brown.edu -1 swp0000.dvi 166 mit.edu -1 handbook15.dvi 485 vassar.edu -1 Growth econometrics 570 The totality of our so-called knowledge or beliefs, from the 572 I. Introduction 572 iii. differences in levels of GDP per worker 580 v. convergence? 586 Figure 5: Growth Versus Initial Income: 1980-2000 588 Figure 6: Density of Growth Rates across Countries 589 Figure 7: Growth Rates in 1960-1980 versus 1980-2000 590 Table 4: Growth in 1960-1980 and 1980-2000 591 vii. does past growth predict future growth? 592 Table 5: Growth Rate Correlations Across Decades 592 viii. Growth differences by development level and geographic 593 Table 6: Growth, 1960-2000, by Initial Relative Income 594 Table 7: Growth, 1960-2000, by Country Groups 594 ix. stagnation and output volatility 595 Table 8: Output Collapses 596 Table 9: Volatility, 1960-2000, by Regions 597 x. a summary of the stylized facts 597 III. Cross-country growth regressions: from theory to empiri 598 Appendix 1: Data 708 Extrapolation 709 Appendix 2: Variables in Cross-Country Growth Regressions 710 References 728 Rivera, B. and L. Currais, (1999), “Economic Growth and Heal 750 klenow.com -1 Microsoft Word - Externalities and Growth, December 9.doc 864 nyu.edu -1 growthhandbook10.dvi 929 doi:10.1016/S1574-0684(05)01015-4 1039 National Policies and Economic Growth: A Reappraisal 1039 Abstract 1040 Keywords 1040 Theoretical models that predict strong policy effects 1041 Models that predict small policy effects on growth 1050 Empirics 1056 Some empirical caveats 1057 New empirical work 1060 Policy episodes and transition paths 1074 Institutions versus policies 1078 Conclusions 1080 Uncited references 1080 References 1080 http://www.econ.nyu.edu/user/jovanovi/GPT.pdf 1178 http://www.econ.nyu.edu/user/violante/Books/GrowthHB_final.pdf 1224 northwestern.edu -1 C:\WPDOCS\PAPERS\DURLAUF.WPD 1087 minneapolisfed.org -1 Microsoft Word - A Unified Theory of the Evolution.doc 1353 stanford.edu -1 handbook08-04-04.dvi 1542 princeton.edu -1 swp0000.dvi 1656 wisc.edu -1 http://www.ssc.wisc.edu/econ/archive/wp2004-12.pdf 1701 econ.ucalgary.ca -1 http://econ.ucalgary.ca/fac-files/st/finalHandbook.pdf 1861 "The Handbook of Economic Growth provides a broad review of the research topics, empirical findings, and methods that comprise modern growth economics. The chapters, written by research leaders, summarize and evaluate recent advances while explaining where further research might be profitable. With analyses that are provocative and controversial because they are so directly relevant to public policy and private decision-making, volume 2A and 2B upholds the standard for excellence in applied economics set by Volumes 1A and 1B (2005). It offers definitive theoretical and empirical scholarship about growth economics. It presents as a guiding principle the search for a theoretical framework consistent with the theories and data that describe growth economics. It familiarizes readers with common empirical methods and empirical results"--provided by publisher. Featuring survey articles by leading economists working on growth theory, this two-volume set covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms. It also covers technology, trade and geography, and growth and socio-economic development Despite its role as the centerpiece of modern growth theory, the Solow model is decidedly silent on some of its basic questions: Why is average growth in per capita income so much higher now than it was 200 years ago?