Economic Growth (2nd Edition)

Why are some countries rich and others poor? David N. Weil, one of the top researchers in economic growth, introduces students to the latest theoretical tools, data, and insights underlying this pivotal question. By showing how empirical data relate to new and old theoretical ideas, Economic Growth , 2/e provides readers with a complete introduction to the discipline and the latest research. Overview: The Facts to Be Explained; A Framework for Analysis. Factor Accumulation: Physical Capital; Population and Economic Growth; Future Population Trends; Human Capital. Productivity: Measuring Productivity; The Role of Technology in Growth; The Cutting Edge of Technology; Efficiency; Growth in the Open Economy. Fundamentals: Government; Income Inequality; Culture; Geography, Climate, and Natural Resources; Resources and the Environment at the Global Level. Conclusion: What We Have Learned and Where We Are Headed. For all readers interested in economic growth, economic development, macro theory, applied econometrics, and development studies.