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2009 | 9 | nr 2 | 39--56
Tytuł artykułu

Mechanism and sources of world economic growth

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The paper proposes a novel approach to the theoretical interpretation of the observed wide variation of economic growth rates between countries and over time. It argues for the need to have two distinctly different classes of theories of economic growth, one for the countries of Technology Frontier Area (TFA), another one for all the other countries. The two classes are outlined and some specific theories are discussed. The paper also discusses the long-term dynamics of the innovation rate and the rate of economic growth. The empirical part offers a new list of stylized facts for the TFA countries and another one for the non-TFA countries. (original abstract)
Rocznik
Tom
9
Numer
Strony
39--56
Opis fizyczny
Twórcy
  • London School of Economics
Bibliografia
  • Abramovitz M. (1986), Catching Up, Foreign Ahead, and Falling Behind, Journal of Economic History, pp. 46385-406.
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  • Bernanke B.S., Gurkaynak R.S. (2001), Is Growth Exogenous? Taking Mankiw, Romer and Weil Seriously, Macroeconomics Annual 2001, NBER, The MIT Press, Cambridge, ed. by S. Bernanke and K. Rogoff.
  • Easterly W., Kremer M., Pritchett L., Summers L.H. (1993), Good Policy or Good Luck? Country Growth Performance and Temporary Shocks, Journal of Monetary Economics 32, pp. 459-483.
  • Easterly W., Levine R. (2001), It's Not Factor Accumulation: Stylized Facts and Growth Models, The World Bank Economic Review 15, pp. 177-219.
  • Gomułka S. (1970), Extensions of the Golden Rule of Research of Phelps, Review of Economic Studies, 37(1), pp. 73-93.
  • Gomułka S. (1971), Inventive Activity, Diffusion and the Stages of Economic Growth, monograph No. 24, Aarhus, Denmark, Aarhus University.
  • Gomułka S. (1988), The Gerschenkron Phenomenon and Systemic Factors in the Post - 1975 Growth Slowdown, European Economic Review, 32(1-2).
  • Gomułka S. (1990), The Theory of Technological Change and Economic Growth, London and New York: Routledge.
  • Hall R.E., Jones C.I. (1999), Why Do Some Countries Produce so Much More Output Per Worker than Others? Quarterly Journal of Economics 11, pp. 483-116.
  • Hansen G.D., Prescott E.C. (2002), Malthus and Solow, American Economic Review 92, pp. 1205-17.
  • IMF, World Economic Outlook (2003, ch. III on Growth and Institutions, Washington DC, April.
  • Jones C.I. (1995), Time Series Tests of Endogenous Growth Models, Quarterly Journal of Economics 110, pp. 495-525.
  • Nelson R.R., Phelps E.S. (1966), Investment in Humans, Technological Diffusion and Economic Growth, American Economic Review 56, pp. 66-75.
  • Parente S.L., Prescott E.C. (2003), A Unified Theory of the Evolution of International Income Levels, presented at the conference on successes and failures in real convergence, NBP, October 23-24th.
  • Pfeffermann G.P. (1998), The Way Ahead: Economic Reform in Latin America, International Finance Corporation, Washington DC.
  • Phelps E.S. (1966), Models of Technical Progress and the Golden Rule of Research, Review of Economic Studies, 33, pp. 133-45.
  • Verspagen B. (1991), A New Empirical Approach to Catching Up or Falling Behind, Structural Change and Economic Dynamics, Vol. 2, No. 2, pp. 359-380.
  • Williamson J. (1990), The Program of Policy Reform in Latin America, Institute for International Economics, Washington DC.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171223137

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