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Recent Developments in Growth Theory
This two-volume collection examines the major developments in growth theory over the past decade. Key papers by leading scholars cover new trends in theoretical and empirical research. The first volume shows how new research has improved our understanding of the empirical patterns of economic growth and has posed new challenges for theory. The second volume contains articles which have pushed the theory of economic growth in new directions and work which has responded to the challenges raised by empirical research.
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Contributors
Contents
More Information
This two-volume collection examines the major developments in growth theory over the past decade. Key papers by leading scholars cover new trends in theoretical and empirical research. The first volume shows how new research has improved our understanding of the empirical patterns of economic growth and has posed new challenges for theory. The second volume contains articles which have pushed the theory of economic growth in new directions and work which has responded to the challenges raised by empirical research.
The editor has written an authoritative introduction which presents a comprehensive overview of the selected papers.
The editor has written an authoritative introduction which presents a comprehensive overview of the selected papers.
Contributors
42 articles, dating from 1992 to 2002
Contributors include: P. Aghion, E. Helpman, P. Howitt, S. Johnson, C.I. Jones, P. Krusell, J.A. Robinson, J. Ventura, A. Young, F. Zilibotti
Contributors include: P. Aghion, E. Helpman, P. Howitt, S. Johnson, C.I. Jones, P. Krusell, J.A. Robinson, J. Ventura, A. Young, F. Zilibotti
Contents
Contents:
Volume I: Empirical Patterns
Acknowledgements
Introduction Daron Acemoglu
PART I INCOME DIFFERENCES: CONVERGENCE, DIVERGENCE, STABILITY AND REVERSAL
1. Lant Pritchett (1997), ‘Divergence, Big Time’
2. Charles I. Jones (1997), ‘On the Evolution of the World Income Distribution’
3. Danny T. Quah (1997), ‘Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs’
4. Francesco Caselli, Gerardo Esquivel and Fernando Lefort (1996), ‘Reopening the Convergence Debate: A New Look at Cross-Country Growth Empirics’
5. Daron Acemoglu, Simon Johnson and James A. Robinson (2002), ‘Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution’
PART II PROXIMATE CAUSES OF INCOME DIFFERENCES
6. N. Gregory Mankiw, David Romer and David N. Weil (1992), ‘A Contribution to the Empirics of Economic Growth’
7. Alwyn Young (1995), ‘The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience’
8. Peter J. Klenow and Andrés Rodríguez-Clare (1997), ‘The Neoclassical Revival in Growth Economics: Has It Gone Too Far?’
9. Robert E. Hall and Charles I. Jones (1999), ‘Why Do Some Countries Produce So Much More Output per Worker Than Others?’
PART III FINANCIAL CONSTRAINTS ON INVESTMENT AND GROWTH
10. Jayaratne Jith and Philip Strahan (1996), ‘The Finance-Growth Nexus: Evidence from Bank Branch Deregulation’
11. Raghuram G. Rajan and Luigi Zingales (1998), ‘Financial Dependence and Growth’
PART IV SCHOOLING AND GROWTH
12. Mark Bils and Peter J. Klenow (2000), ‘Does Schooling Cause Growth?’
13. Daron Acemoglu and Joshua Angrist (2000), ‘How Large Are Human-Capital Externalities? Evidence from Compulsory Schooling Laws’
14. Lutz Hendricks (2002), ‘How Important Is Human Capital for Development? Evidence from Immigrant Earnings’
PART V TECHNOLOGY AND SPILLOVERS
15. Adam B. Jaffe, Manuel Trajtenberg and Rebecca Henderson (1993), ‘Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations’
16. Douglas A. Irwin and Peter J. Klenow (1994), ‘Learning-by-Doing Spillovers in the Semiconductor Industry’
PART VI FUNDAMENTAL CAUSES OF INCOME DIFFERENCES
17. William Easterly and Ross Levine (1997), ‘Africa’s Growth Tragedy: Policies and Ethnic Divisions’
18. Steven Knack and Philip Keefer (1995), ‘Institutions and Economic Performance: Cross-Country Tests Using Alternative Institutional Measures’
19. Daron Acemoglu, Simon Johnson and James A. Robinson (2001), ‘The Colonial Origins of Comparative Development: An Empirical Investigation’
Name Index
Volume II: Theory
Acknowledgements
An introduction by the editor to both volumes appears in Volume I
PART I ENDOGENOUS TECHNICAL CHANGE WITHOUT SCALE EFFECTS
1. Charles I. Jones (1995), ‘R & D-Based Models of Economic Growth’
2. Alwyn Young (1998), ‘Growth without Scale Effect’
PART II DIRECTED TECHNICAL CHANGE
3. Daron Acemoglu (2002), ‘Directed Technical Change’
4. Daron Acemoglu (2003), ‘Labor- and Capital-Augmenting Technical Change’
PART III DIFFUSION, ADOPTION AND APPROPRIATE TECHNOLOGY
5. Stephen L. Parente and Edward C. Prescott (1994), ‘Barriers to Technology Adoption and Development’
6. Elhanan Helpman and Manuel Trajtenberg (1998), ‘A Time to Sow and a Time to Reap: Growth Based on General Purpose Technologies’
7. Susanto Basu and David N. Weil (1998), ‘Appropriate Technology and Growth’
8. Daron Acemoglu and Fabrizio Zilibotti (2001), ‘Productivity Differences’
9. Peter Howitt (2000), ‘Endogenous Growth and Cross-Country Income Differences’
PART IV MARKET STRUCTURE AND GROWTH
10. Daron Acemoglu and Fabrizio Zilibotti (1997), ‘Was Prometheus Unbound by Chance? Risk, Diversification, and Growth’
11. Philippe Aghion, Christopher Harris, Peter Howitt and John Vickers (2001), ‘Competition, Imitation and Growth with Step-by-Step Innovation’
PART V TRADE, LOCATION OF PRODUCTION AND GROWTH
12. Paul Krugman and Anthony J. Venables (1995), ‘Globalization and the Inequality of Nations’
13. Jaume Ventura (1997), ‘Growth and Interdependence’
14. Daron Acemoglu and Jaume Ventura (2002), ‘The World Income Distribution’
PART VI TECHNOLOGY AND INEQUALITY
15. Daron Acemoglu (1998), ‘Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality’
16. Oded Galor and Omer Maov (2000), ‘Ability-Biased Technological Transition, Wage Inequality, and Economic Growth’
17. Per Krusell, Lee E. Ohanian, José-Víctor Ríos-Rull and Giovanni L. Violante (2000), ‘Capital-Skill Complementarity and Inequality: A Macroeconomic Analysis’
PART VII UNDERSTANDING POLICY AND INSTITUTIONS
18. Per Krusell and José-Víctor Ríos-Rull (1996), ‘Vested Interests in a Positive Theory of Stagnation and Growth’
19. Philip R. Lane and Aaron Tornell (1996), ‘Power, Growth, and the Voracity Effect’
20. Roland Bénabou (2000), ‘Unequal Societies: Income Distribution and the Social Contract’
21. Daron Acemoglu and James A. Robinson (2000), ‘Political Losers as a Barrier to Economic Development’
22. Daron Acemoglu and James A. Robinson (2000), ‘Why Did the West Extend the Franchise? Democracy, Inequality, and Growth in Historical Perspective’
23. François Bourguignon and Thierry Verdier (2000), ‘Oligarchy, Democracy, Inequality and Growth’
Name Index
Volume I: Empirical Patterns
Acknowledgements
Introduction Daron Acemoglu
PART I INCOME DIFFERENCES: CONVERGENCE, DIVERGENCE, STABILITY AND REVERSAL
1. Lant Pritchett (1997), ‘Divergence, Big Time’
2. Charles I. Jones (1997), ‘On the Evolution of the World Income Distribution’
3. Danny T. Quah (1997), ‘Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs’
4. Francesco Caselli, Gerardo Esquivel and Fernando Lefort (1996), ‘Reopening the Convergence Debate: A New Look at Cross-Country Growth Empirics’
5. Daron Acemoglu, Simon Johnson and James A. Robinson (2002), ‘Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution’
PART II PROXIMATE CAUSES OF INCOME DIFFERENCES
6. N. Gregory Mankiw, David Romer and David N. Weil (1992), ‘A Contribution to the Empirics of Economic Growth’
7. Alwyn Young (1995), ‘The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience’
8. Peter J. Klenow and Andrés Rodríguez-Clare (1997), ‘The Neoclassical Revival in Growth Economics: Has It Gone Too Far?’
9. Robert E. Hall and Charles I. Jones (1999), ‘Why Do Some Countries Produce So Much More Output per Worker Than Others?’
PART III FINANCIAL CONSTRAINTS ON INVESTMENT AND GROWTH
10. Jayaratne Jith and Philip Strahan (1996), ‘The Finance-Growth Nexus: Evidence from Bank Branch Deregulation’
11. Raghuram G. Rajan and Luigi Zingales (1998), ‘Financial Dependence and Growth’
PART IV SCHOOLING AND GROWTH
12. Mark Bils and Peter J. Klenow (2000), ‘Does Schooling Cause Growth?’
13. Daron Acemoglu and Joshua Angrist (2000), ‘How Large Are Human-Capital Externalities? Evidence from Compulsory Schooling Laws’
14. Lutz Hendricks (2002), ‘How Important Is Human Capital for Development? Evidence from Immigrant Earnings’
PART V TECHNOLOGY AND SPILLOVERS
15. Adam B. Jaffe, Manuel Trajtenberg and Rebecca Henderson (1993), ‘Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations’
16. Douglas A. Irwin and Peter J. Klenow (1994), ‘Learning-by-Doing Spillovers in the Semiconductor Industry’
PART VI FUNDAMENTAL CAUSES OF INCOME DIFFERENCES
17. William Easterly and Ross Levine (1997), ‘Africa’s Growth Tragedy: Policies and Ethnic Divisions’
18. Steven Knack and Philip Keefer (1995), ‘Institutions and Economic Performance: Cross-Country Tests Using Alternative Institutional Measures’
19. Daron Acemoglu, Simon Johnson and James A. Robinson (2001), ‘The Colonial Origins of Comparative Development: An Empirical Investigation’
Name Index
Volume II: Theory
Acknowledgements
An introduction by the editor to both volumes appears in Volume I
PART I ENDOGENOUS TECHNICAL CHANGE WITHOUT SCALE EFFECTS
1. Charles I. Jones (1995), ‘R & D-Based Models of Economic Growth’
2. Alwyn Young (1998), ‘Growth without Scale Effect’
PART II DIRECTED TECHNICAL CHANGE
3. Daron Acemoglu (2002), ‘Directed Technical Change’
4. Daron Acemoglu (2003), ‘Labor- and Capital-Augmenting Technical Change’
PART III DIFFUSION, ADOPTION AND APPROPRIATE TECHNOLOGY
5. Stephen L. Parente and Edward C. Prescott (1994), ‘Barriers to Technology Adoption and Development’
6. Elhanan Helpman and Manuel Trajtenberg (1998), ‘A Time to Sow and a Time to Reap: Growth Based on General Purpose Technologies’
7. Susanto Basu and David N. Weil (1998), ‘Appropriate Technology and Growth’
8. Daron Acemoglu and Fabrizio Zilibotti (2001), ‘Productivity Differences’
9. Peter Howitt (2000), ‘Endogenous Growth and Cross-Country Income Differences’
PART IV MARKET STRUCTURE AND GROWTH
10. Daron Acemoglu and Fabrizio Zilibotti (1997), ‘Was Prometheus Unbound by Chance? Risk, Diversification, and Growth’
11. Philippe Aghion, Christopher Harris, Peter Howitt and John Vickers (2001), ‘Competition, Imitation and Growth with Step-by-Step Innovation’
PART V TRADE, LOCATION OF PRODUCTION AND GROWTH
12. Paul Krugman and Anthony J. Venables (1995), ‘Globalization and the Inequality of Nations’
13. Jaume Ventura (1997), ‘Growth and Interdependence’
14. Daron Acemoglu and Jaume Ventura (2002), ‘The World Income Distribution’
PART VI TECHNOLOGY AND INEQUALITY
15. Daron Acemoglu (1998), ‘Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality’
16. Oded Galor and Omer Maov (2000), ‘Ability-Biased Technological Transition, Wage Inequality, and Economic Growth’
17. Per Krusell, Lee E. Ohanian, José-Víctor Ríos-Rull and Giovanni L. Violante (2000), ‘Capital-Skill Complementarity and Inequality: A Macroeconomic Analysis’
PART VII UNDERSTANDING POLICY AND INSTITUTIONS
18. Per Krusell and José-Víctor Ríos-Rull (1996), ‘Vested Interests in a Positive Theory of Stagnation and Growth’
19. Philip R. Lane and Aaron Tornell (1996), ‘Power, Growth, and the Voracity Effect’
20. Roland Bénabou (2000), ‘Unequal Societies: Income Distribution and the Social Contract’
21. Daron Acemoglu and James A. Robinson (2000), ‘Political Losers as a Barrier to Economic Development’
22. Daron Acemoglu and James A. Robinson (2000), ‘Why Did the West Extend the Franchise? Democracy, Inequality, and Growth in Historical Perspective’
23. François Bourguignon and Thierry Verdier (2000), ‘Oligarchy, Democracy, Inequality and Growth’
Name Index