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This text is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined. Structural transformation, in which developing countries transition from traditional production in largely rural areas to modern production in largely urban areas, is an important causal force in creating early economic growth, and as such, is made central in this approach. Towards this end, the authors…mehr

Produktbeschreibung
This text is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined. Structural transformation, in which developing countries transition from traditional production in largely rural areas to modern production in largely urban areas, is an important causal force in creating early economic growth, and as such, is made central in this approach. Towards this end, the authors augment the Solow model to include endogenous theories of saving, fertility, human capital, institutional arrangements, and policy formation, creating a single two-sector model of structural transformation. Based on applied research and practical experiences in macroeconomic development, the model in this book presents a more rigorous, quantifiable, and explicitly dynamic dual economy approach to development. Common microeconomic foundations and notation are used throughout, with each chapter building on the previous material in a continuous flow. Revised and updated to include more exercises for guided self study, as well as a technical appendix covering required mathematical topics beyond calculus, the second edition is appropriate for both upper undergraduate and graduate students studying development economics and macroeconomics.
  • Produktdetails
  • Springer Texts in Business and Economics
  • Verlag: Springer, Berlin; Springer International Publishing;
  • Artikelnr. des Verlages: 978-3-319-89754-7
  • 2. Aufl.
  • Erscheinungstermin: Juli 2018
  • Englisch
  • Abmessung: 241mm x 160mm x 25mm
  • Gewicht: 710g
  • ISBN-13: 9783319897547
  • ISBN-10: 3319897543
  • Artikelnr.: 51472887
Autorenporträt
Peter Rangazas is professor of economics at IUPUI. He regularly publishes in academic economics journals including the American Economic Review, Review of Economics and Statistics, Journal of Monetary Economics, and Journal of Economic Growth. He coauthored a second book in the Springer Texts in Business and Economics series, the Macroeconomics of Corruption. Sibabrata Das has received his Ph. D. in Economics from University of Sussex, U.K.; and M.A. from Johns Hopkins University, U.S.A. Dr. Das has taught graduate courses in statistics, econometrics, microeconomics and development economics, at North Bengal University, Vidyasagar University, and Burdwan University, in India. As a research economist for the Ghana macroeconomic team at the World Bank, he has worked on macroeconomic modeling, and projections for various policy papers and country operations projects. As a member of the country teams, Dr. Das has also actively participated in World Bank-IMF country missions in
Inhaltsangabe
1. Overview.- Part I. One-Sector Growth Models.- 2. Neoclassical Growth Theory.- 3. Fertility and Schooling.- 4. Government and Growth.- 5. Foreign Aid.- Part II Two-Sector and Dual Economies.- 6. Two Sector Growth Models.- 7. Wage and Fertility Gaps in Dual Economies.- 8. Physical Capital in Dual Economies.- 9. A Complete Dual Economy.- 10. Urbanization.- 11. Conclusion.- 12. Solutions to Exercises.- 13. Technical Appendix.
Rezensionen
"This textbook summarizes several decades of research on macroeconomics of development - or, at least, a large part of it. ... Detailed exposition, questions for review and end-of-chapter exercises, and an extensive bibliography make this textbook an excellent learning and reference source for those working or aspiring to work in these institutions or for the national governments and think tanks." (Nigar Hashimzade, Mathematical Reviews, June, 2017)