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Handbook of Economic Growth (Volume 1A)
The Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement.
The Handbook of Economic Growth, edited by Philippe Aghion and Steven Durlauf, with an introduction by Robert Solow, features in-depth, authoritative survey articles by the leading economists working on growth theory.
Volume 1A, the first in this two volume set, covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms.
Volume 1B, the second in this two volume set, covers technology, trade and geography, and growth and socio-economic development.
The Handbook of Economic Growth, edited by Philippe Aghion and Steven Durlauf, with an introduction by Robert Solow, features in-depth, authoritative survey articles by the leading economists working on growth theory.
Volume 1A, the first in this two volume set, covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms.
Volume 1B, the second in this two volume set, covers technology, trade and geography, and growth and socio-economic development.
- GenresEconomicsNonfiction
1059 pages, Hardcover
First published January 1, 2005
About the author
Philippe Aghion
44 books29 followersHe is Robert C. Waggoner Professor of Economics at Harvard University, Professor of Economics at London School of Economics, and an invited professor at the Paris School of Economics, having previously been Professor at University College London, an Official Fellow at Nuffield College, Oxford, and an Assistant Professor at Massachusetts Institute of Technology (MIT).
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Displaying 1 - 2 of 2 reviews
September 16, 2013
Fantastic overview of the main theories on Economic growth. Deals substantially with the question of technology. To my knowledge it includes all the major canon of macroeconomic theory on growth. A lot of repetition in the "facts" but I guess that is unavoidable. Great Chapters by Acemoglu and Robinson, Mokyr, Jones, and some others.
Everyone shares the same facts produced by Bairoch and Maddison. Growth Malthusian till 18th century then sudden take off in late 19th. Everyone is trying in one war or another to explain why this happened.
The consensus in the field of economics is that the new modern pattern of growth is a result of technology. Interest to contrast to labor theories of value. Neoclassical Economic growth theories with Solow-Swan Model assume technical growth drives the modern growth pattern. Endogenous growth model by Aghion, Romer, Lucas, Arrow endogenize technology as result of human capital. The chapters are pretty much nuances on the basics of these models. I came away with the impression that the next generation of scholarship in economics must focus on institutions and add international dimensions to the very state-centric models used in most of the chapters. (ch 23 is good exception). Most authors treat countries as independent from one another which seems like an assumption that would impact behavior of models.
Everyone shares the same facts produced by Bairoch and Maddison. Growth Malthusian till 18th century then sudden take off in late 19th. Everyone is trying in one war or another to explain why this happened.
The consensus in the field of economics is that the new modern pattern of growth is a result of technology. Interest to contrast to labor theories of value. Neoclassical Economic growth theories with Solow-Swan Model assume technical growth drives the modern growth pattern. Endogenous growth model by Aghion, Romer, Lucas, Arrow endogenize technology as result of human capital. The chapters are pretty much nuances on the basics of these models. I came away with the impression that the next generation of scholarship in economics must focus on institutions and add international dimensions to the very state-centric models used in most of the chapters. (ch 23 is good exception). Most authors treat countries as independent from one another which seems like an assumption that would impact behavior of models.
July 21, 2022
I read just the chapter on “Institutions and Growth” in this essential reference book. The sections of especial interest were: (1) generalized (system wide) vs. particularized (sector or group focused) institutions, with the former being more conducive to positive growth outcomes; and (2) property rights and contract enforcement, their nature, interrelationships, and growth implications.
Displaying 1 - 2 of 2 reviews