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| Preface | |
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| Introduction | |
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| Economic Growth and Economic Development: The Questions | |
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| Cross-Country Income Differences | |
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| Income and Welfare | |
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| Economic Growth and Income Differences | |
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| Origins of Today's Income Differences and World Economic Growth | |
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| Conditional Convergence | |
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| Correlates of Economic Growth | |
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| From Correlates to Fundamental Causes | |
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| The Agenda | |
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| References and Literature | |
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| The Solow Growth Model | |
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| The Economic Environment of the Basic Solow Model | |
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| The Solow Model in Discrete Time | |
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| Transitional Dynamics in the Discrete-Time Solow Model | |
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| The Solow Model in Continuous Time | |
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| Transitional Dynamics in the Continuous-Time Solow Model | |
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| A First Look at Sustained Growth | |
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| Solow Model with Technological Progress | |
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| Comparative Dynamics | |
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| Taking Stock | |
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| References and Literature | |
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| Exercises | |
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| The SolowModel and the Data | |
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| Growth Accounting | |
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| The Solow Model and Regression Analyses | |
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| The Solow Model with Human Capital | |
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| Solow Model and Cross-Country Income Differences: Regression Analyses | |
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| Calibrating Productivity Differences | |
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| Estimating Productivity Differences | |
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| Taking Stock | |
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| References and Literature | |
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| Exercises | |
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| Fundamental Determinants of Differences in Economic Performance | |
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| Proximate versus Fundamental Causes | |
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| Economies of Scale, Population, Technology, and World Growth | |
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| The Four Fundamental Causes | |
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| The Effect of Institutions on Economic Growth | |
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| What Types of Institutions? | |
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| Disease and Development | |
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| Political Economy of Institutions: First Thoughts | |
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| Taking Stock | |
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| References and Literature | |
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| Exercises | |
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| Toward Neoclassical Growth | |
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| Foundations of Neoclassical Growth | |
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| Preliminaries | |
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| The Representative Household | |
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| Infinite Planning Horizon | |
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| The Representative Firm | |
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| Problem Formulation | |
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| Welfare Theorems | |
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| Proof of the Second Welfare Theorem (Theorem 5.7) | |
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| Sequential Trading | |
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| Optimal Growth | |
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| Taking Stock | |
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| References and Literature | |
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| Exercises | |
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| Infinite-Horizon Optimization and Dynamic Programming | |
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| Discrete-Time Infinite-Horizon Optimization | |
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| Stationary Dynamic Programming | |
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| Stationary Dynamic Programming Theorems | |
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| The Contraction Mapping Theorem and Applications | |
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| Proofs of the Main Dynamic Programming Theorems | |
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| Applications of Stationary Dynamic Programming | |
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| Nonstationary Infinite-Horizon Optimization | |
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| Optimal Growth in Discrete Time | |
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| Competitive Equilibrium Growth | |
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| Computation | |
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| Taking Stock | |
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| References and Literature | |
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| Exercises | |
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| An Introduction to the Theory of Optimal Control | |
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| Variational Arguments | |
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| The Maximum Principle: A First Look | |
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| Infinite-Horizon Optimal Control | |
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| More on Transversality Conditions | |
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| Discounted Infinite-Horizon Optimal Control | |
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| Existence of Solutions, Concavity, and Differentiability | |
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| A First Look at Optimal Growth in Continuous Time | |
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| The q-Theory of Investment and Saddle-Path Stability | |
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| Taking Stock | |
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| References and Literature | |
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| Exercises | |
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| Neoclassical Growth | |
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| The Neoclassical Growth Model | |
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| Preferences, Technology, and Demographics | |
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| Characterization of Equilibrium | |
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| Optimal Growth | |
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| Steady-State Equilibrium | |
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| Transitional Dynamics and Uniqueness | |