Growth Theory and Sustainable Development

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9781840641356: Growth Theory and Sustainable Development

This modern and comprehensive book offers a broad survey of economic growth theory, with special emphasis on the impact of natural resources on long-term development. The book begins with the standard growth models of the 1950s and 1960s and extends its analysis to the so-called `new' growth theory, in which the long-term growth rate of an economy becomes an endogenous variable. The impact of positive spillovers, human capital formation, public services and innovation on the growth process are carefully studied. Using models and empirical illustration, the author evaluates to what extent growth theory is able to explain the huge international differences in living standards prevailing in the world today. The theoretical foundation is then used to consider the issue of sustainable growth under stricter environmental regulation. Growth Theory and Sustainable Development shows that the understanding of growth theory is an important key to predict the sustainability of long-term development, making it required reading for students of economic development and environmental economics.

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About the Author:

Lucas Bretschger, CER-ETH Center of Economic Research, Switzerland

Review:

'Bretschger's pioneering textbook shows that endogenous growth theory provides a powerful framework for the analysis of sustainable development. It illustrates clearly and simply how the new theory can be used to bring diverse social, institutional and environmental factors back into mainstream economics.' -- Peter Howitt, Ohio State University

Growth Theory and Sustainable Development is a meaningful addition to the growth economics and environmental economics literatures. -- – H. Park, Journal of Economics / Zeitschrift für Nationalökonomie

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Book Description Edward Elgar Publishing Ltd, United Kingdom, 1999. Hardback. Book Condition: New. Language: English . Brand New Book. This modern and comprehensive book offers a broad survey of economic growth theory, with special emphasis on the impact of natural resources on long-term development. The book begins with the standard growth models of the 1950s and 1960s and extends its analysis to the so-called `new growth theory, in which the long-term growth rate of an economy becomes an endogenous variable. The impact of positive spillovers, human capital formation, public services and innovation on the growth process are carefully studied. Using models and empirical illustration, the author evaluates to what extent growth theory is able to explain the huge international differences in living standards prevailing in the world today. The theoretical foundation is then used to consider the issue of sustainable growth under stricter environmental regulation. Growth Theory and Sustainable Development shows that the understanding of growth theory is an important key to predict the sustainability of long-term development, making it required reading for students of economic development and environmental economics. Bookseller Inventory # AAJ9781840641356

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Book Description Edward Elgar Publishing Ltd, United Kingdom, 1999. Hardback. Book Condition: New. Language: English . Brand New Book. This modern and comprehensive book offers a broad survey of economic growth theory, with special emphasis on the impact of natural resources on long-term development. The book begins with the standard growth models of the 1950s and 1960s and extends its analysis to the so-called `new growth theory, in which the long-term growth rate of an economy becomes an endogenous variable. The impact of positive spillovers, human capital formation, public services and innovation on the growth process are carefully studied. Using models and empirical illustration, the author evaluates to what extent growth theory is able to explain the huge international differences in living standards prevailing in the world today. The theoretical foundation is then used to consider the issue of sustainable growth under stricter environmental regulation. Growth Theory and Sustainable Development shows that the understanding of growth theory is an important key to predict the sustainability of long-term development, making it required reading for students of economic development and environmental economics. Bookseller Inventory # AAJ9781840641356

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