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.
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David Weil is a professor of economics at Brown University. He received his BA in history from Brown University and his PhD in economics from Harvard University. A former member of the Board of Editors at the American Economic Review, Professor Brown is a research associate at the National Bureau of Economic Research (NBER) and associate editor of the Journal of Economic Growth.Review:
“I cannot imagine a better way of introducing students to the fascinating field of economic growth. [The author's] systematic reliance on relevant historical evidence, basic empirical facts, well-chosen examples, and illustrative tables and figures; his parsimonious and intuitive use of very simple models; and his focus on the key issues and enigmas—all these contribute to the magic of this book.”
—Philippe Aghion, Harvard University
“The book is very well conceived and will fill an important need.... The organization is excellent.... The book is slanted toward good, modern, relevant research and the best available evidence about important questions.”
—David Romer, University of California–Berkeley
“The clarity of the writing, the richness of the empirical and quantitative environment, and the currency of the research base drawn upon and explicated. All of these make this book a clear winner.”
—Steve Colt, University of Alaska–Anchorage
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