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January 2009
7 x 9, 512 pp., 58 illus.
$65.00/£36.95 (CLOTH)
Short

ISBN-10:
0-262-01263-4
ISBN-13:
978-0-262-01263-8

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The Economics of Growth
Philippe Aghion and Peter Howitt

Complete Contents
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vii
Preface
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xvii
Acknowledgments
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xxi
Introduction1
PART I: BASIC PARADIGMS OF GROWTH THEORY19
    1Neoclassical Growth Theory21
    2The AK Model47
    3Product Variety69
    4The Schumpeterian Model85
    5Capital, Innovation, and Growth Accounting105
PART II: UNDERSTANDING THE GROWTH PROCESS127
    6Finance and Growth129
    7Technology Transfer and Cross-Country Convergence151
    8Market Size and Directed Technical Change169
    9General-Purpose Technologies193
    10Stages of Growth217
    11Institutions and Nonconvergence Traps237
PART III: GROWTH POLICY265
    12Fostering Competition and Entry267
    13Investing in Education287
    14Reducing Volatility and Risk319
    15Liberalizing Trade353
    16Preserving the Environment377
    17Promoting Democracy399
CONCLUSION417
    18Looking Ahead: Culture and Development419
Appendix: Basic Elements of Econometrics443
References457
Index
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477
 
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