Satiation of need is generally ignored by growth theory. I study a model where consumers may be satiated in any given good but new goods may be introduced. A social planner will never elect a trajectory with long-run satiation. Instead, he will introduce enough new goods to avoid such a...

In this paper, we study convergence in per capita gross regional products across Russian regions in the period from 1996 to 2017. To this purpose, we estimate growth equations, which are directly derived from a neoclassical growth model, augmented with human capital and migration. To our...

Education, general health, and reproductive health are key indicators of human development. Investments in these domains can also promote economic growth. This paper argues for the importance of human development related investments based on i) a theoretical economic growth model with poverty...

This textbook is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined....

The book constructs the Synergy Theory, a new theory of economic growth and calculation methodology. The book involves empirical comparative study on economic growth between China and the 14 developed countries, and on the basis of the synergy theory, divides GDP into labor compensation, capital...

Macroeconomics is the application of economic theory to the study of the economy’s growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact...

This book undertakes a theoretical and econometric analysis of intense economic growth in selected European countries during the end of the twentieth century and the beginning of the twenty first. Focusing on the accelerated economic growth that occurred in Ireland, the Netherlands, Spain, and...

Chapter 1: Introduction -- Chapter 2: The Economics of Knowledge -- Chapter 3: The New Direction of Technological Change -- Chapter 4: The Dynamics of Knowledge Governance: Schumpeterian growth regimes -- Chapter 5: The Political Economy of the Knowledge Growth Regime -- Chapter 6: Towards a New...

1. The Methodological Puzzle -- 2. Introduction to General and Integrated Development and Growth -- 3. Economic Action, Cultural Background and Institutions -- 4. Complex Economic Systems, Information and Forms of Capitalism -- 5. Politics and Governance -- 6. Uncertainty -- 7. Expectations --...

1. Introduction -- 2. Theory and Policy -- 3. The Greek Economy as a Member of the Eurozone -- 4. The Political Economy of Integrated Growth and Development in the Greek Economy -- 5. The Greek Economy in the World -- 6. The Great Macro-Social Trends -- 7. The Great Macroeconomic Trends -- 8....