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Author: Paolo Sylos Labini
Publisher: Cambridge, Mass. : MIT Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 280
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Book Description
Innovation, changes in market structure, and changes in income distribution are the forces that drive the general process of economic growth or decline. This is the concept that unifies these essays written between 1954 and 1983 by the noted economist Paolo Sylos-Labini. In each essay as he illuminates some aspect of this concept, Sylos-Labini displays a historical sensibility to theory that distinguishes him from most modern economists. Essays in the first section lay the groundwork for the book by going back to the classical economists, directly and indirectly through Schumpeter. Throughout the rest of the book, Sylos-Labini's explication and appraisal of the theories of Smith, Ricardo, Manx, and Schumpeter concerning innovation, market structure, and income distribution inform his own search for a theoretical model to analyze the process of economic growth and decline in the current stage of modern capitalism's evolution. In the book's second section, essays address innovation and changes in productivity. In the third section, they focus on changes in market structure, exploring the relationship among oligopoly, pricing, inflation, and economic growth. A final section of the book is concerned primarily with the relationship between economic growth and income distribution.
Author: Paolo Sylos Labini
Publisher: Cambridge, Mass. : MIT Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 280
Get Book
Book Description
Innovation, changes in market structure, and changes in income distribution are the forces that drive the general process of economic growth or decline. This is the concept that unifies these essays written between 1954 and 1983 by the noted economist Paolo Sylos-Labini. In each essay as he illuminates some aspect of this concept, Sylos-Labini displays a historical sensibility to theory that distinguishes him from most modern economists. Essays in the first section lay the groundwork for the book by going back to the classical economists, directly and indirectly through Schumpeter. Throughout the rest of the book, Sylos-Labini's explication and appraisal of the theories of Smith, Ricardo, Manx, and Schumpeter concerning innovation, market structure, and income distribution inform his own search for a theoretical model to analyze the process of economic growth and decline in the current stage of modern capitalism's evolution. In the book's second section, essays address innovation and changes in productivity. In the third section, they focus on changes in market structure, exploring the relationship among oligopoly, pricing, inflation, and economic growth. A final section of the book is concerned primarily with the relationship between economic growth and income distribution.
Author: Paolo Sylos Labini
Publisher: Cambridge, Mass. : MIT Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 280
Get Book
Book Description
Innovation, changes in market structure, and changes in income distribution are the forces that drive the general process of economic growth or decline. This is the concept that unifies these essays written between 1954 and 1983 by the noted economist Paolo Sylos-Labini. In each essay as he illuminates some aspect of this concept, Sylos-Labini displays a historical sensibility to theory that distinguishes him from most modern economists. Essays in the first section lay the groundwork for the book by going back to the classical economists, directly and indirectly through Schumpeter. Throughout the rest of the book, Sylos-Labini's explication and appraisal of the theories of Smith, Ricardo, Manx, and Schumpeter concerning innovation, market structure, and income distribution inform his own search for a theoretical model to analyze the process of economic growth and decline in the current stage of modern capitalism's evolution. In the book's second section, essays address innovation and changes in productivity. In the third section, they focus on changes in market structure, exploring the relationship among oligopoly, pricing, inflation, and economic growth. A final section of the book is concerned primarily with the relationship between economic growth and income distribution.
Author: Mancur Olson
Publisher: Yale University Press
ISBN: 0300268904
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
A compelling theory on the rationale for the changing fortunes of nations
Author: Samuel Rosenberg
Publisher: Springer Nature
ISBN: 1403990263
Category :
Languages : en
Pages : 344
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Book Description
Author: Alfred Greiner
Publisher: Princeton University Press
ISBN: 0691170967
Category : Business & Economics
Languages : en
Pages : 203
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Book Description
In economics, the emergence of New Growth Theory in recent decades has directed attention to an old and important problem: what are the forces of economic growth and how can public policy enhance them? This book examines major forces of growth--including spillover effects and externalities, education and formation of human capital, knowledge creation through deliberate research efforts, and public infrastructure investment. Unique in emphasizing the importance of different forces for particular stages of development, it offers wide-ranging policy implications in the process. The authors critically examine recently developed endogenous growth models, study the dynamic implications of modified models, and test the models empirically with modern time series methods that avoid the perils of heterogeneity in cross-country studies. Their empirical analyses, undertaken with newly constructed time series data for the United States and some core countries of the Euro zone, show that models containing scale effects, such as the R&D model and the human capital model, are compatible with time series evidence only after considerable modifications and nonlinearities are introduced. They also explore the relationship between growth and inequality, with particular focus on technological change and income disparity. The Forces of Economic Growth represents a comprehensive and up-to-date empirical time series perspective on the New Growth Theory.
Author: Robert J. Gordon
Publisher: Princeton University Press
ISBN: 1400888956
Category : Business & Economics
Languages : en
Pages : 785
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Book Description
How America's high standard of living came to be and why future growth is under threat In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come to an end? Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth challenges the view that economic growth will continue unabated, and demonstrates that the life-altering scale of innovations between 1870 and 1970 cannot be repeated. Gordon contends that the nation's productivity growth will be further held back by the headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government, and that we must find new solutions. A critical voice in the most pressing debates of our time, The Rise and Fall of American Growth is at once a tribute to a century of radical change and a harbinger of tougher times to come.
Author: Steven Durlauf
Publisher: Springer Science & Business Media
ISBN: 3642612113
Category : Business & Economics
Languages : en
Pages : 204
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Book Description
One of the most enduring questions in economics involves how a nation could accelerate the pace of its economic development. One of the most enduring answers to this question is to promote exports -either because doing so directly influences development via encouraging production of goods for export, or because export promotion permits accumulation of foreign exchange which permits importation of high-quality goods and services, which can in turn be used to expand the nation's production possibilities. In either case, growth is said to be export-led; the latter case is the so-called "two-gap" hypothesis (McKinnon, 1964; Findlay, 1973). The early work on export-led growth consisted of static cross-country com parisons (Michaely, 1977; Balassa, 1978; Tyler, 1981; Kormendi and Meguire, 1985). These studies generally concluded that there is strong evidence in favour of export-led growth because export growth and income growth are highly correlated. However, Kravis pointed out in 1970 that the question is an essen tially dynamic one: as he put it, are exports the handmaiden or the engine of growth? To make this determination one needs to look at time series to see whether or not exports are driving income. This approach has been taken in a number of papers (Jung and Marshall, 1985; Chow, 1987; Serletis, 1992; Kunst and Marin, 1989; Marin, 1992; Afxentiou and Serletis, 1991), designed to assess whether or not individual countries exhibit statistically significant evidence of export-led growth using Granger causality tests.
Author: Steven G. Koven
Publisher: Routledge
ISBN: 1351784234
Category : Social Science
Languages : en
Pages : 214
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Book Description
Growth, Decline, and Regeneration in Large Cities sheds light on why some cities prosper, others implode, and still others are able to reverse their downward trajectories. The book focuses on four major case studies of American metropolitan areas: Detroit, Boston, Minneapolis, and Austin. It explores how distinctive political and cultural forces in these cities affected economic growth or decline. Theoretical frameworks to explain economic development in urban areas are identified. The book addresses important subjects such as response to deindustrialization, disruption caused by gentrification, globalization, and the importance of human capital for economic development.
Author: Mr.Ari Aisen
Publisher: International Monetary Fund
ISBN: 1455211907
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Author: Gerald L. Gordon
Publisher: Routledge
ISBN: 1351369024
Category : Political Science
Languages : en
Pages : 821
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Book Description
This book presents a fully comprehensive look at what all communities—large and small, urban and rural—can do to grow and sustain their local economic bases. It examines the causes of economic decline for localities as well as the economic “product” being marketed to employers, the process of growth, and the means of sustaining economic growth over time. Drawing on the experiences of hundreds of communities and hundreds of leaders around the United States, Understanding Community Economic Growth and Decline outlines the various strategies that have or have not worked to enable or support a general local economic recovery. Exploring many facets of growth and re-growth following periods of economic decline, and offering practical, real-life tactics that have been successfully employed in local and regional economies across the US, this book is required reading for community planners and administrators, those currently working in public administration, and students studying regional planning or economic development.
