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Economic Growth Hardcover Textbook Barro and Sala-i-Martin 1998 TAW230829/BB1
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N.º de artículo de eBay:115901883955
Última actualización el 01 sep 2023 13:19:46 H.EspVer todas las actualizacionesVer todas las actualizaciones
Características del artículo
- Estado
- Book Title
- Economic Growth Hardcover Robert, Sala-i-Martin, Xavier Barro
- Educational Level
- Adult & Further Education
- Level
- Business
- Subject
- Economics
- ISBN
- 9780262024594
Acerca de este producto
Product Identifiers
Publisher
MIT Press
ISBN-10
0262024594
ISBN-13
9780262024594
eBay Product ID (ePID)
27712
Product Key Features
Number of Pages
558 Pages
Language
English
Publication Name
Economic Growth
Publication Year
1998
Subject
Development / Economic Development, Economics / General
Type
Textbook
Subject Area
Business & Economics
Format
Hardcover
Dimensions
Item Height
1 in
Item Weight
29.6 Oz
Item Length
9.6 in
Item Width
6.5 in
Additional Product Features
Intended Audience
Scholarly & Professional
Dewey Edition
21
Illustrated
Yes
Dewey Decimal
338.9
Synopsis
Why do economies grow? What fixes the long-run rate of growth? These are some of the simplest, but also hardest, questions in economics. Growth of lack of it has huge consequences for a country's citizens. But for various reasons, growth theory has had long fallow patches. Happily, this is changing. In 1956 Robert Solow developed what became the standard neo-classical model of economic growth. Counties grow, on this theory, by accumulating labour and capital. Adding either obeys diminishing returns: the more labour or capital you already have, the more you need for a further given jump in output. One consequence is that an economy with less capital ought to outgrow one with more. Generally, they do. Another is that growth should eventually drop to zero. Awkwardly, it stays positive. To save the theory, long-run growth was explained by an outside factor, technical innovation, which is not in the growth function itself--hence the label exogenous for the Solow family of models. Partial as it was, the Solow model won wide acceptance and growth theory slumbered for three decades. Then came two changes. One was an attempt to add technical change and other factors to labour and capital within the growth function so that the model might predict long-run growth without leaning on outside residuals--the so-called endogenous approach. The other was a huge number of factual studies. Barro and Sala-i-Martin explain all this and more with admirable clarity (and much demanding maths) in the first modern textbook devoted to growth theory. The main theories are examined. The stress throughout is on linking theory to fact. One of three chapters on empirical work suggests how much each of several possible factors would be needed to explain differing international growth rate--not an explanation itself, but an indispensable set of empirical benchmarks. From The Economist, 17 February 1996, Why do economies grow? What fixes the long-run rate of growth? These are some of the simplest, but also hardest, questions in economics. Growth of lack of it has huge consequences for a country's citizens. But for various reasons, growth theory has had long fallow patches. Happily, this is changing. In 1956 Robert Solow developed what became the standard neo-classical model of economic growth. Counties grow, on this theory, by accumulating labour and capital. Adding either obeys diminishing returns: the more labour or capital you already have, the more you need for a further given jump in output. One consequence is that an economy with less capital ought to outgrow one with more. Generally, they do. Another is that growth should eventually drop to zero. Awkwardly, it stays positive. To save the theory, long-run growth was explained by an outside factor, technical innovation, which is not in the growth function itself--hence the label exogenous for the Solow family of models. Partial as it was, the Solow model won wide acceptance and growth theory slumbered for three decades. Then came two changes. One was an attempt to add technical change and other factors to labour and capital within the growth function so that the model might predict long-run growth without leaning on outside residuals--the so-called endogenous approach. The other was a huge number of factual studies. Barro and Sala-i-Martin explain all this and more with admirable clarity (and much demanding maths) in the first modern textbook devoted to growth theory. The main theories are examined. The stress throughout is on linking theory to fact. One of three chapters on empirical work suggests how much each of severalpossible factors would be needed to explain differing international growth rate--not an explanation itself, but an indispensable set of empirical benchmarks. From The Economist, 17 February 1996
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- a***l (360)- Votos emitidos por el comprador.Últimos 6 mesesCompra verificadaVery kind & responsive seller. Shipped extremely fast and made it all the way to the UK securely packed in great time. Exactly as described,. The seller was also kind enough to reduce price & combine postage for me. Couldn’t be happier, thank you so much! 🥰Lilly Of California Tops Womens S & M Tanks MFC250315/TB1 (#126995353862)
- 5***e (81)- Votos emitidos por el comprador.Últimos 6 mesesCompra verificadaLoved my item but unfortunately had to return as it was too small for what I needed :-( Seller was great - great & careful packaging, great value, great communication and shipped on time as expected. The item was described perfectly. Will definitely buy from this seller again!
- 7***c (72)- Votos emitidos por el comprador.Últimos 6 mesesCompra verificadaThe shipping was super fast and well packaged. The shoes were exactly as described and I could be happier with them. The seller had very fair pricing on the shoes and I’m incredibly happy to have bought them. I’ll definitely be keeping an eye out for what they may have in the future!Ice Cream Shoes Mens Size 12 Survived A 2008 House Fire FBW230716/SA (#115874764883)