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Presents the contributions that early development theory can make to growth economics in answering why some countries are richer than others and why some economies grow faster than others.
List of contents
- Introduction
- 1: Some Stylized Facts of Economic Development
- Part I. Neoclassical and Endogenous Growth Models
- 2: Basic Neoclassical and Endogenous Growth Models
- 3: Endogenous Savings and International Capital Mobility in the Neoclassical Model
- 4: Human Capital in Neoclassical and Endogenous Growth Models
- 5: Industrial Differentiation and Creative Destruction in New Growth Theory
- Part II. Classical Development Theory
- 6: The Lewis Model and the Labor Surplus Economy
- 7: Increasing Returns, External Economies, and Multiple Equilibria
- 8: Internal Economies, Imperfect Competition, and Pecuniary Externalities
- 9: Openness and the Big Push: Criticisms and Extensions of Classical Development Theory
- Part III. Aggregate Demand and Growth
- 10: Effective Demand and Factor Accumulation
- 11: Demand-Driven Technical Change, the Real Exchange Rate, and Growth
- 12: Kaleckí¿s Dual Economy Model and Structuralist Growth Models
- 13: Debt Traps and Growth Collapses
- Part IV. Deep Determinants of Comparative Development
- 14: Trade and Development
- 15: Developmental Effects of Natural Resource Abundance
- 16: Inequality and Middle Income Traps
- 17: Institutions and Development
- 18: Geography, Colonialism, and Underdevelopment
- 19: Successes and Failures in Economic Development: The Keys to the Kingdom
Summary
Presents the contributions that early development theory can make to growth economics in answering why some countries are richer than others and why some economies grow faster than others.
