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Economic Growth
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Economists have, in some sense, always known that growth is important. Yet, at the core
of the discipline, the study of economic growth languished after the late 1960s. Then, after
a lapse of two decades, this research became vigorous again in the late 1980s. The new
research began with models of the determination of long-run growth, an area that is now
called endogenous growth theory. Other recent research extended the older, neoclassical
growth model, especially to bring out the empirical implications for convergence across
economies. This book combines new results with expositions of the main research that
appeared from the 1950s through the beginning of the 2000s. The discussion stresses the
empirical implications of the theories and the relation of these hypotheses to data and
evidence. This combination of theory and empirical work is the most exciting aspect of
ongoing research on economic growth
Robert J. Barro and Xavier Sala-i-Martin - Personal Name
2nd Edition
0-262-02553-1
NONE
Economic Growth
Economics
English
Massachusetts Institute of Technology
2004
London
1-673
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