Contents
Preface xi
Part 1. Introduction
1Chapter 1. Economic Growth and Economic Development:The Questions 31.1. Cross-Country Income Di
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erences 31.2. Income and Welfare 61.3. Economic Growth and Income Di
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erences 101.4. Origins of Today’s Income Di
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erences and World Economic Growth 121.5. Conditional Convergence 161.6. Correlates of Economic Growth 201.7. From Correlates to Fundamental Causes 221.8. The Agenda 251.9. References and Literature 27Chapter 2. The Solow Growth Model 312.1. The Economic Environment of the Basic Solow Model 322.2. The Solow Model in Discrete Time 402.3. Transitional Dynamics in the Discrete Time Solow Model 502.4. The Solow Model in Continuous Time 552.5. Transitional Dynamics in the Continuous Time Solow Model 592.6. Solow Model with Technological Progress 662.7. Comparative Dynamics 762.8. Taking Stock 782.9. References and Literature 792.10. Exercises 80Chapter 3. The Solow Model and the Data 873.1. Growth Accounting 873.2. Solow Model and Regression Analyses 903.3. The Solow Model with Human Capital 983.4. Solow Model and Cross-Country Income Di
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erences: Regression Analyses 1043.5. Calibrating Productivity Di
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erences 1133.6. Estimating Productivity Di
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erences 1183.7. Taking Stock 1233.8. References and Literature 1253.9. Exercises 126Chapter 4. Fundamental Determinants of Di
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erences in Economic Performance 1294.1. Proximate Versus Fundamental Causes 129
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