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The Forces of Economic Growth : A Time Series Perspective

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Title: The Forces of Economic Growth : A Time Series Perspective
Description: In economics, the emergence of New Growth Theory in recent decades has directed attention to an old and important problem: what are the forces of economic growth and how can public policy enhance them? This book examines major forces of growth--including spillover effects and externalities, education and formation of human capital, knowledge creation through deliberate research efforts, and public infrastructure investment. Unique in emphasizing the importance of different forces for particular stages of development, it offers wide-ranging policy implications in the process. The authors critically examine recently developed endogenous growth models, study the dynamic implications of modified models, and test the models empirically with modern time series methods that avoid the perils of heterogeneity in cross-country studies. Their empirical analyses, undertaken with newly constructed time series data for the United States and some core countries of the Euro zone, show that models containing scale effects, such as the R&D model and the human capital model, are compatible with time series evidence only after considerable modifications and nonlinearities are introduced. They also explore the relationship between growth and inequality, with particular focus on technological change and income disparity. The Forces of Economic Growth represents a comprehensive and up-to-date empirical time series perspective on the New Growth Theory.
Authors: Alfred Greiner, Willi Semmler, Gang Gong
Resource Type: eBook.
Subjects: Research, Industrial--Economic aspects--Mathematical models, Education--Economic aspects--Mathematical models, Time-series analysis--Mathematical models, Economic development--Mathematical models, Human capital--Mathematical models, Investments--Mathematical models
Categories: BUSINESS & ECONOMICS / Economics / Theory, BUSINESS & ECONOMICS / Finance / General, POLITICAL SCIENCE / Public Policy / Economic Policy
Database: eBook Collection (EBSCOhost)
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  – Type: ebook-pdf
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Header DbId: nlebk
DbLabel: eBook Collection (EBSCOhost)
An: 1159023
RelevancyScore: 998
AccessLevel: 6
PubType: eBook
PubTypeId: ebook
PreciseRelevancyScore: 998.4384765625
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  Data: The Forces of Economic Growth : A Time Series Perspective
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  Data: In economics, the emergence of New Growth Theory in recent decades has directed attention to an old and important problem: what are the forces of economic growth and how can public policy enhance them? This book examines major forces of growth--including spillover effects and externalities, education and formation of human capital, knowledge creation through deliberate research efforts, and public infrastructure investment. Unique in emphasizing the importance of different forces for particular stages of development, it offers wide-ranging policy implications in the process. The authors critically examine recently developed endogenous growth models, study the dynamic implications of modified models, and test the models empirically with modern time series methods that avoid the perils of heterogeneity in cross-country studies. Their empirical analyses, undertaken with newly constructed time series data for the United States and some core countries of the Euro zone, show that models containing scale effects, such as the R&D model and the human capital model, are compatible with time series evidence only after considerable modifications and nonlinearities are introduced. They also explore the relationship between growth and inequality, with particular focus on technological change and income disparity. The Forces of Economic Growth represents a comprehensive and up-to-date empirical time series perspective on the New Growth Theory.
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  Data: <searchLink fieldCode="AR" term="%22Alfred+Greiner%22">Alfred Greiner</searchLink><br /><searchLink fieldCode="AR" term="%22Willi+Semmler%22">Willi Semmler</searchLink><br /><searchLink fieldCode="AR" term="%22Gang+Gong%22">Gang Gong</searchLink>
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PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1159023
RecordInfo BibRecord:
  BibEntity:
    Classifications:
      – Code: 330.0151955
        Scheme: ddc
        Type: prePub
    Languages:
      – Code: eng
        Text: English
    Subjects:
      – SubjectFull: Research, Industrial--Economic aspects--Mathematical models
        Type: general
      – SubjectFull: Education--Economic aspects--Mathematical models
        Type: general
      – SubjectFull: Time-series analysis--Mathematical models
        Type: general
      – SubjectFull: Economic development--Mathematical models
        Type: general
      – SubjectFull: Human capital--Mathematical models
        Type: general
      – SubjectFull: Investments--Mathematical models
        Type: general
    Titles:
      – TitleFull: The Forces of Economic Growth : A Time Series Perspective
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Alfred Greiner
      – PersonEntity:
          Name:
            NameFull: Willi Semmler
      – PersonEntity:
          Name:
            NameFull: Gang Gong
      – PersonEntity:
          Name:
            NameFull: Alfred Greiner
      – PersonEntity:
          Name:
            NameFull: Willi Semmler
      – PersonEntity:
          Name:
            NameFull: Gang Gong
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 2005
            – D: 28
              M: 06
              Type: profile
              Y: 2016
          Identifiers:
            – Type: isbn-print
              Value: 9780691119182
            – Type: isbn-print
              Value: 9780691170961
            – Type: isbn-electronic
              Value: 9781400880157
          Titles:
            – TitleFull: The Forces of Economic Growth : A Time Series Perspective
              Type: main
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