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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 | |