Economic Growth

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Economic Growth

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Economic Growth by Robert J Barro

The long-awaited second edition of an important textbook on economic growth-a major revision incorporating the most recent work on the subject.

This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.


Robert J. Barro is Paul M. Warburg Professor of Economics at Harvard University, a senior fellow of the Hoover Institution of Stanford University, and a research associate of the National Bureau of Economic Research. He has a Ph.D. in economics from Harvard University and a B.S. in physics from
Caltech. Barro is co-editor of Harvard's Quarterly Journal of Economics and was recently President of the Western Economic Association and Vice President of the American Economic Association. He was a viewpoint columnist for Business Week from 1998 to 2006 and a contributing editor of The Wall
Street Journal from 1991 to 1998.

Jong-Wha Lee is a professor of economics and director of the Asiatic Research Institute at Korea University. He served as a senior adviser for international economic affairs to President of South Korea. He was also previously Chief Economist and Head of the Office of Regional Economic Integration at
the Asian Development Bank and an economist at the International Monetary Fund. He has taught at Australian National University, Harvard Univeristy, and Peking University. He has contributed to Project Syndicate since 2012. He obtained his Ph.D. and Master's degrees in Economics from Harvard
University, and his Master's and Bachelor's degrees in economics from Korea University.

SKU Unavailable
ISBN 13 9780262025539
ISBN 10 0262025531
Title Economic Growth
Author Robert J Barro
Series Economic Growth
Condition Unavailable
Binding Type Hardback
Publisher MIT Press Ltd
Year published 2003-10-10
Number of pages 672
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.