ECONOMIC GROWTH: Theory and Evidence

This new two volume set contains major recent theoretical and empirical contributions to the debate on long-term economic growth. Research on long-term growth was revitalized in recent years as it became clear that countries were not converging in income levels as was predicted by the neoclassical growth model. Also differences in growth rates across countries seemed systematic and predictable. These findings led to the development of models of 'endogenous growth' through which a country's ...