Présentation par l'éditeur This graduate level text on economic growth surveysneoclassical and more recent growth theories, stressingtheir empirical implications and the relation of theory todata and evidence. The authors have undertaken a majorrevision for the long-awaited second edition of this widelyused text, the first modern textbook devoted to growththeory. The book has been expanded in many areas andincorporates the latest research.
After an introductory discussion of economic growth, thebook examines neoclassical growth theories, from Solow-Swanin the 1950s and Cass-Koopmans in the 1960s to more recentrefinements; this is followed by a discussion of extensionsto the model, with expanded treatment in this edition ofheterogenity of households. The book then turns toendogenous growth theory, discussing, among other topics,models of endogenous technological progress (with anexpanded discussion in this edition of the role of outsidecompetition in the growth process), technologicaldiffusion, and an endogenous determination of labor supplyand population. The authors then explain the essentials ofgrowth accounting and apply this framework to endogenousgrowth models. The final chapters cover empirical analysisof regions and empirical evidence on economic growth for abroad panel of countries from 1960 to 2000. The updatedtreatment of cross-country growth regressions for thisedition uses the new Summers-Heston data set on worldincome distribution compiled through 2000.
Contents

• Introduction
• Growth Models with Exogenous Saving Rates (theSolow-Swan Model)
• Growth Models with Consumer Optimization (the RamseyModel)
• Extensions of the Ramsey Growth Model
• One-Sector Models of Endogenous Growth
• Two-Sector Models of Endogenous Growth (with SpecialAttention to the Role of Human Capital)
• Technological Change: Models with an Expanding Varietyof Products
• Technological Change: Schumpeterian Models of QualityLadders
• The Diffusion of Technology
• Labor Supply and Population
• Growth Accounting
• Empirical Analysis of Regional Data Sets
• Empirical Analysis of a Cross Section of Countries
• Appendix. On Mathematical Methods
• References
• Index