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Preface | |
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Introduction: The Facts of Economic Growth | |
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The Data of Growth and Development | |
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Other "Stylized Facts" | |
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The Remainder of This Book | |
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The Solow Model | |
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The Basic Solow Model | |
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Solving the Basic Solow Model | |
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The Solow Diagram | |
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Comparative Statics | |
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Properties of the Steady State | |
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Economic Growth in the Simple Model | |
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Technology and the Solow Model | |
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The Solow Diagram with Technology | |
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Solving for the Steady State | |
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Evaluating the Solow Model | |
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Growth Accounting, the Productivity Slowdown, and the New Economy | |
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Appendix: Closed-Form Solution of the Solow Model | |
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Exercises | |
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Empirical Applications of Neoclassical Growth Models | |
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The Solow Model with Human Capital | |
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Convergence and Explaining Differences in Growth Rates | |
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The Evolution of Income Distribution | |
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Exercises | |
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The Economics of Ideas | |
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What is Technology? | |
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The Economics of Ideas | |
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Intellectual Property Rights and the Industrial Revolution | |
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Population and Ideas | |
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Data on Ideas | |
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Summary | |
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Exercises | |
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The Engine of Growth | |
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The Basic Elements of the Romer Model | |
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Growth in the Romer Model | |
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Growth Effects versus Level Effects | |
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Comparative Statics: A Permanent Increase in the R&D Share | |
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The Economics of the Romer Model | |
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The Final-Goods Sector | |
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The Intermediate-Goods Sector | |
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The Research Sector | |
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Solving the Model | |
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Growth Through Creative Destruction | |
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The Basic Elements of the Schumpeterian Model | |
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Growth in the Schumpeterian Model | |
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The Economics of Schumpeterian Growth | |
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The Final-Goods Sector | |
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The Intermediate-Goods Sector | |
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The Research Sector | |
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Solving the Model | |
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Comparing the Romer and Schumpeterian Models | |
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Optimal R&D | |
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Summary | |
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Appendix: Solving for the R&D Share | |
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Exercises | |
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A Simple Model of Growth and Development | |
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The Basic Model | |
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Steady-State Analysis | |
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Technology Transfer | |
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Globalization and Trade | |
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Understanding Differences in Growth Rates | |
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Exercises | |
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Social Infrastructure and Long-Run Economic Performance | |
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A Business Investment Problem | |
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Determinants of F | |
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Determinants of � | |
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Which Investments to Make? | |
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Empirical Evidence | |
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Misallocation and Productivity | |
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The Choice of Social Infrastructure | |
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Growth Miracles and Disasters | |
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Summary | |
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Exercises | |
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Population and the Origin of Sustained Economic Growth | |
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Population and Living Standards | |
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The Malthusian Era | |
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The Post-Malthusian Era | |
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The Modern Growth Era | |
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The Malthusian Economy | |
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Production with a Fixed Factor | |
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Technological Change | |
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Continuous Technological Growth | |
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Endogenous Technological Change | |
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The Transition to Sustained Growth | |
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Realistic Population Growth Rates | |
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From Malthusian Stagnation to Sustained Growth | |
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Structural Change during the Transition to Growth | |
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The Economics of Population Growth | |
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Comparative Development | |
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Summary | |
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Exercises | |
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Alternative Theories of Endogenous Growth | |
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A Simple Endogenous Growth Model: The "AK" Model | |
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Intuition and Other Growth Models | |
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Externalities and AK Models | |
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Evaluating Endogenous Growth Models | |
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What is Endogenous Growth? | |
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Exercises | |
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Natural Resource and Economic Growth | |
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Nonrenewable Resources | |
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Setup | |
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The Balanced Growth Path | |
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Quantifying the Importance of Natural Resources | |
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Prices as Indicators of Scarcity | |
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Implications and Explanations of Declining Factor Shares | |
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Growth and the Environment | |
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Summary | |
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Exercises | |
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Understanding Economic Growth | |
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Why are We So Rich and they So Poor? | |
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What is the Engine of Economic Growth? | |
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How Do We Understand Growth Miracles? | |
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Conclusion | |
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Mathematical Review | |
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Derivatives | |
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What Does K Mean? | |
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What Is a Growth Rate? | |
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Growth Rates and Natural Logs | |
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"Take Logs and Derivatives" | |
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Ratios and Growth Rates | |
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�log versus Percentage Change | |
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Integration | |
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An Important Rule of Integration | |
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Simple Differential Equations | |
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Compound Interest | |
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Maximization of a Function | |
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Exercises | |
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Readings of Interest | |
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Data on Economic Growth | |
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Bibliography | |
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Index | |