Preface // 1. INTRODUCTION: THE FACTS OF ECONOMIC GROW // 1.1 The Data Of Growt And Development 3 // 1.2 Other “Stylized Facts” 12 // 1.3 The Remainder Of This Book 16 // 2 THE SOLLOW MODEL // 2.1 The Basic Solow Model 20 // 2.1.1 The Solow Diagram 24 // 2.1.2 Comparative Statics 26 // 2.1.3 Properties of the Steady State 28 // 2.1.4 Economic Growth in the Simple Model 30 // 2.2 TECHNOLOGY AND THE SOLOW MODEL 32 // 2.2.1 The Solow Diagram with Technology 34 // 2.2.2 Solving for the Steady State 36 // 2.3 Evaluating The Solow Model 39 // 2.4 Growth Accounting And The Productivity Slowdown 41 // Exercises 45 // 3 EMPIRICAL APLLICATIONS OF NEOCLASSICAL GROTH MODELS // 3.1 The Solow Model With Human Capital 47 // 3.2 Convergence And Explaining Differences In Growth Rates 56 // 3.3 The Evolution Of The Income Distribution 64 Exercises 68 // 4 THE ECONOMICS OF IDEAS // 4.1 What Is Technology? 72 // 4.2 The Economics Of Ideas 73 // 4.3 Intellectual Property Rights And The Industrial Revolution 79 // 4.4 Data On Ideas 83 // 4.5 Summary 86 Exercises 87 // 5 THE ENGINE OF GROWTH// 5.1 The Basic Elements Of The Model 89 // 5.1.1 Growth in the Römer Model 93 // 5.1.2 Growth Effects versus Level Effects 97 // 5.1.3 Comparative Statics: A Permanent Increase in the R&D Share 98 // 5.2 The Economics Of The Model 101 // 5.2.1 The Final-Goods Sector 102 // 5.2.2 The Intermediate-Goods Sector 104 // 5.2.3 The Research Sector 106 // 5.2.4 Solving the Model 107 // 5.3 Optimal R&D 109 // 5.4 Summary 111 // Appendix: Solving For The R&D Share 113 // Exercises 114 // 6 A SIMPLE MODEL OF GROTH AND DEVELOPMENT // 6.1 The Basic Model 115 // 6.2 Steady-State Analysis 118 // 6.3 Technology Transfer 122 // 6.4 Understanding Differences In Growth Rates 123 Exercises 125 // 7 INFRASTRUCTURE AND LONG-RUN ECONOMIC PERFORMANCE// 7.1 A Business Investment Problem 128 // 7.2 Determinants Of F 129 // 7.3 Determinants Of ? 131 // 7.4 Which Investments To Make? 133 //
7.5 Empirical Evidence 134 // 7.6 The Choice Of Infrastructure 138 // 7.7 Growth Miracles And Disasters 140 // 7.8 Summary 144 Exercises 145 // 8 ALTERNATIVE THEORIES OF ENDOGENOUS GROWTH // 8.1 A Simple Endogenous Growth Model: The “Ak” Model 148 // 8.2 Intuition And Other Growth Models 151 // 8.3 Externalities And Ak Models 152 // I // 8.4 Evaluating Endogenous Growth Models 155 // 8.5 What Is Endogenous Growth? 157 Exercises 158 // 9 UNDERSTANDING ECONOMIC GROWTH // 9.1 Why Are We So Rich And They So Poor? 161 // 9.2 What Is The Engine Of Economic Growth? 162 // 9.3 How Do We Understand Growth Miracles? 162 // 9.4 Conclusion 163 // APPENDIX A MATHEMATICAL REVIEW // DERIVATIVES 165 // A.1.1 What Does ? Mean? 165 // What Is a Growth Rate? 166 Growth Rates and Natural Logs 167 Take Logs and Derivatives” 168 Ratios and Growth Rates 168 ? Log versus Percentage Change 169 // INTEGRATION 170 // A.2.1 An Important Rule of Integration 171 // SIMPLE DIFFERENTIAL EQUATIONS 171 A.3.1 Compound Interest 174 MAXIMIZATION OF A FUNCTION 175 EXERCISES 177 ...