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Understanding Long Run Economic Growth

Author: Dora L. Costa
Publisher: University of Chicago Press
ISBN: 0226116344
Size: 74.45 MB
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The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. Probing the long-term effects of early colonial differences on immigration policy, land distribution, and financial development in a variety of settings, Understanding Long-Run Economic Growth explores the relationship between economic conditions, growth, and inequality, with a focus on how the monopolization of resources by the political elite limits incentives for ordinary people to invest in human capital or technological discovery. Among the topics discussed are the development of credit markets in France, the evolution of transportation companies in the United Kingdom and the United States, and the organization of innovation in the United States.

Long Run Economics

Author: Norman Clark
Publisher: Bloomsbury Publishing
ISBN: 147251162X
Size: 71.21 MB
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A major problem of conventional economic theory as applied to long-run economic change is its unduly narrow and static character, which compromises its capacity to handle conceptually a social process inherently systemic, complex and dynamic. At the same time there is a growing realization in relevant government and industrial circles (reinforced by the example of Japan) that effective economic policy-making needs a strategic, and therefore a technological, content. Long-Run Economics suggests a more realistic conceptual framework for the analysis of economic and technological change. Borrowing from other disciplines, such as sociology, psychology and biology, the authors develop a model that is evolutionary and systemic in character. Special emphasis is given to the role of information flows in the innovative process, while the overall argument is illustrated by two case studies, photovoltaics and fuel ethanol. Finally, the book stresses the strategic importance of science and technology policy and the role of appropriate institutions in facilitating long-run economic change.

Development Centre Studies Chinese Economic Performance In The Long Run 960 2030 Ad Second Edition Revised And Updated

Author: Maddison Angus
Publisher: OECD Publishing
ISBN: 9264037632
Size: 68.23 MB
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This book uses a comparative approach to explain why China’s role in the world economy has changed so dramatically in the last thousand years. This edition has been revised and updated and Chapter 4 is new. It concludes that China will resume its role as the world's largest economy by 2015.

Understanding The Gender Gap

Author: Claudia Dale Goldin
Publisher: Oxford University Press on Demand
ISBN: 9780195072709
Size: 70.73 MB
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Employing innovative quantitative history methods and new data series, this study traces the evolution of the female labor force in America and gender distinctions in the workplace.

Spanish Economic Growth 1850 2015

Author: Leandro Prados de la Escosura
Publisher: Springer
ISBN: 3319580426
Size: 61.51 MB
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This book is open access under a CC BY 4.0 license. This text offers a comprehensive and nuanced view of the economic development of Spain since 1850. It provides a new set of historical GDP estimates for Spain from the demand and supply sides, and presents a reconstruction of production and expenditure series for the century prior to the introduction of modern national accounts. The author splices available national accounts sets over the period 1958–2015 through interpolation, as an alternative to conventional retropolation. The resulting national accounts series are linked to the historical estimates providing yearly series for GDP and its components since 1850. On the basis of new population estimates, the author derives GDP per head, decomposed into labour productivity and the amount of work per person, and placed into international perspective. With theoretical reasoning and historiographical implications, Prados de la Escosura provides a useful methodological reference work for anyone interested in national accounting. Open Access has been made possible thanks to Fundación Rafael del Pino's generous support. You can find the full dataset here: http://espacioinvestiga.org/bbdd-chne/?lang=en ‘This book stands among the classics for the Kuznetian paradigm in empirical economics. This is the definitive study of Spain's transition to a modern economy.’ —Patrick Karl O'Brien, Emeritus Fellow at St. Antony’s College, the University of Oxford, UK, and Professor Emeritus of Global Economic History at the London School of Economics and Political Science, UK ‘The definitive account of Spanish economic growth since 1850, based firmly on a magisterial reconstruction of that country’s national accounts and an unrivalled knowledge of both Spanish and global economic history of the period.’ —Stephen Broadberry, Professor of Economic History at Nuffield College, the University of Oxford, UK

Agency Gender And Economic Development In The World Economy 1850 2000

Author: Professor of Economic and Social History Jan Luiten van Zanden
Publisher: Taylor & Francis
ISBN: 135181561X
Size: 61.60 MB
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How has 'agency' - or the ability to define and act upon one's goals - contributed to global long-term economic development during the last 150 years? This book asserts that autonomous decision making, and female agency in particular, increases the potential of a society to generate economic growth and improve its institutions. Inspired by Amartya Sen's capabilities approach and looking at this in comparison to contemporary economic theory, the collection of chapters tackles the issue of agency from the micro level of household and family formation and asks how this applies to gender at regional and state level. It brings to the fore new empirical data from across the globe to test the links between family systems, female agency, human capital formation, political institutions and economic development and puts these into broader historical context. It will appeal to scholars researching social policy, gender studies, economic history, development studies and philosophy, as well anyone with interests in the long-term societal development of the world economy and issues of global inequality.

Unintended Consequences

Author: Deepak Lal
Publisher: MIT Press
ISBN: 9780262621540
Size: 71.14 MB
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In this book, based on the 1995 Ohlin Lectures, Deepak Lal provides an accessible, interdisciplinary account of the role of culture in shaping economic performance. Topics addressed include a possible future "clash of civilizations," the role of Asian values in the East Asian economic miracle, the cultural versus economic causes of social decay in the West, and whether modernization leads to Westernization. Lal makes an important distinction between material and cosmological beliefs, showing how both were initially shaped by factor endowments and how they have evolved in response to changing historical pressures in different civilizations.Lal's first major theme is the interaction of factor endowments, culture, and politics in explaining modern intensive growth in the West. The other major theme is the role of individualism--an inadvertent legacy of the medieval Catholic Church--in promoting this growth, and the strange metamorphoses this has caused in both the West's cosmological beliefs and the interaction between "the West and the rest." Lal takes account of the relevant literature in history, anthropology, social psychology, evolutionary biology, neurology, and sociology, and the economic history of the regions and cultures that form Eurasia. An appendix shows how the stories Lal tells can be described by four formal economic models.

Mapping China S Growth And Development In The Long Run 221 Bc To 2020

Author: Kent G Deng
Publisher: World Scientific
ISBN: 9814667579
Size: 23.41 MB
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The narrative of China's history in this book is 'theme-led' rather than conventionally chronicle-based. It covers China's resource endowments, historical contingencies (such as civil wars, invasions and climate changes) and ideologies (including Legalism, Confucianism, Social Darwinism, nationalism, and Marx-Stalinism) that shaped the particular path of growth and development in China over two millennia. This book aims to take the reader through China's remarkably long and colourful saga of growth and development, full of ups, downs, twists and turns. It shows that China's experience has neither been linear nor trouble-free. China's long-term experience showcases the two fundamentals in growth and development: efficiency and equality. The lesson that one can learn from China's long history is that distributing incomes (equality) is as important as producing them (efficiency). By the same token, to secure growth and development, the political economy of government and governance is as critical in determining growth and development as resource endowments, technology, and market exchanges. This applied to China's past, and will inevitably apply to China's future. Contents:IntroductionSize and Longevity of the EmpireEmpire-building and Empire MaintenanceKey InstitutionsPublic Goods ProvisionHighlights of the Economy of the EmpireGrowth after the EmpireConcluding Remarks Readership: Academics, undergraduate and graduates students, professionals interested in China's economic history, economic performance, growth and development, and the political economy of governance. Keywords:Economic Performance;Growth and Development;The Political Economy of GovernanceKey Features:The long scope of China's historyUnique approach to the subjectRich data from Chinese sources

Long Run Economic Growth

Author: Steven Durlauf
Publisher: Springer Science & Business Media
ISBN: 3642612113
Size: 41.75 MB
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One of the most enduring questions in economics involves how a nation could accelerate the pace of its economic development. One of the most enduring answers to this question is to promote exports -either because doing so directly influences development via encouraging production of goods for export, or because export promotion permits accumulation of foreign exchange which permits importation of high-quality goods and services, which can in turn be used to expand the nation's production possibilities. In either case, growth is said to be export-led; the latter case is the so-called "two-gap" hypothesis (McKinnon, 1964; Findlay, 1973). The early work on export-led growth consisted of static cross-country com parisons (Michaely, 1977; Balassa, 1978; Tyler, 1981; Kormendi and Meguire, 1985). These studies generally concluded that there is strong evidence in favour of export-led growth because export growth and income growth are highly correlated. However, Kravis pointed out in 1970 that the question is an essen tially dynamic one: as he put it, are exports the handmaiden or the engine of growth? To make this determination one needs to look at time series to see whether or not exports are driving income. This approach has been taken in a number of papers (Jung and Marshall, 1985; Chow, 1987; Serletis, 1992; Kunst and Marin, 1989; Marin, 1992; Afxentiou and Serletis, 1991), designed to assess whether or not individual countries exhibit statistically significant evidence of export-led growth using Granger causality tests.