Galor handbook of economic growth

Volume Two of the Handbook of Economic Growth summarizes recent advances in theoretical and empirical work while offering new perspectives on a range of growth mechanisms, from the roles played by institutions and organizations to the ways factors beyond capital accumulation and technological change can affect growth. Empowers readers to evaluate the work of other economists and to plan their own research projects Illuminates the implications of empirical methods and results Demonstrates the value of empirical testing, with its implicit conclusion that our understanding of economic growth will help everyone make better decisions.

A View from the Very Long-Run. In each chapter, authors identify and discuss the relevant theoretical and empirical literature that describes the fundamental problems that the policies seek to remedy or ameliorate, as well as the literature. Annotation Part 6: Financial Markets and the Macroeconomy. Asset prices, consumption, and the business cycle J. Human behavior and the efficiency of the financial system R. The financial accelerator in a quantitative business cycle framework B.

Bernanke, M. Gertler and S. Part 7: Monetary and Fiscal Policy. Economies around the world have arrived at a critical juncture: to continue to grow fuelled by fossil fuels and exacerbate climate change, or to move towards more sustainable, greener, growth. Choosing the latter is shown to help address climate change, as well as present new economic opportunities. This Handbook provides. Home Handbook Of Economic Growth.

Handbook of Economic Growth. Handbook of Economic Growth by Anonim. Growth and Structural Transformation by Kim Kwang-suk. The rise in the demand for human capital in the second phase of industrialization, and its impact on the formation of human capital as well as on the onset of the demographic transition, brought about significant technological advancements along with a reduction in fertility rates and population growth, enabling economies to convert a larger share of the fruits of factor accumulation and technological progress into growth of income per capita, and paving the way for the emergence of sustained economic growth.

Variations in the timing of the transition from stagnation to growth and thus in economic performance across countries reflect initial differences in geographical factors and historical accidents and their manifestation in variations in institutional, social, cultural, and political factors.

In particular, once a technologically driven demand for human capital emerged in the second phase of industrialization, the prevalence of human capital promoting institutions determined the extensiveness of human capital formation, the timing of the demographic transition, and the pace of the transition from stagnation to growth.

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