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The Theory of Growth

Christopher Tsoukis

in Theory of Macroeconomic Policy

Published in print:
2020
Published Online:
November 2020
ISBN:
9780198825371
eISBN:
9780191912498
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198825371.003.0009
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter reviews the theory of growth. As motivation, it first discusses a range of related facts, including structural change and facts on the ‘new economy. It then launches into the Solow ... More


A Structure for Understanding Growth

Eric A. Hanushek and Ludger Woessmann

in The Knowledge Capital of Nations: Education and the Economics of Growth

Published in print:
2015
Published Online:
September 2015
ISBN:
9780262029179
eISBN:
9780262329170
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029179.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

Economists have developed a variety of conceptual models of the growth process including neoclassical growth, endogenous growth, and technological diffusion models. It is difficult to distinguish ... More


Fossil Fuels, Backstop Technologies, and Imperfect Substitution

Gerard van der Meijden

in Climate Policy and Nonrenewable Resources: The Green Paradox and Beyond

Published in print:
2014
Published Online:
January 2015
ISBN:
9780262027885
eISBN:
9780262319836
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027885.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter studies the transition from fossil fuels to backstop technologies in a general equilibrium model in which growth is driven by research and development. The analysis generalizes the ... More


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