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Capital Accumulation in Economic Development

Yujiro Hayami and Yoshihisa Godo

in Development Economics: From the Poverty to the Wealth of Nations

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199272709
eISBN:
9780191602870
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199272700.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

Reviews theoretical justifications and economic consequences of a development strategy adopted, commonly by newly independent developing countries in a few decades after the Second World War, which ... More


Supply and Demand Influences on the Rate of Growth

Christopher Dow

in Major Recessions: Britain and the World 1920-1995

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199241231
eISBN:
9780191596179
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199241236.003.0004
Subject:
Economics and Finance, Macro- and Monetary Economics

This book is mostly about demand, and how in the short term fluctuations in demand cause fluctuations in output and productivity growth. Over the longer term, major variations in growth rates have ... More


A Quantitative‐Historical Approach to British Economic Growth

R. C. O. Matthews, C. H. Feinstein, and J. C. Odling‐Smee

in British Economic Growth 1856-1973: The Post-War Period in Historical Perspective

Published in print:
1982
Published Online:
November 2003
ISBN:
9780198284536
eISBN:
9780191596629
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198284535.003.0001
Subject:
Economics and Finance, Economic History

The approach to British economic growth is historical in that it compares growth in different periods rather than comparing growth in the UK with that in other countries. The key question of interest ... More


Understanding Economic Growth

Pulapre Balakrishnan

in Economic Growth in India: History and Prospect

Published in print:
2010
Published Online:
October 2012
ISBN:
9780198065470
eISBN:
9780199080090
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198065470.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter provides a critical exposition of some prominent theoretical representations of growth and a historical perspective on its drivers. Among the former, two are taken up: the neo-classical ... More


Deconstructing China's and India's Growth: The Role of Financial Policies

Jahangir Aziz

in Emerging Giants: China and India in the World Economy

Published in print:
2010
Published Online:
September 2010
ISBN:
9780199575077
eISBN:
9780191722141
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199575077.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental, South and East Asia

The links between financial and economic development are well established in theory, but country-specific empirical evidence is hard to come by. This chapter shows that one empirical measure, the ... More


Capital Accumulation in Economic Development

Yujiro Hayami

in Development Economics: From the Poverty to the Wealth of Nations

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199243976
eISBN:
9780191596377
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199243972.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

Reviews theoretical justifications and economic consequences of a development strategy adopted, commonly by newly independent developing countries in a few decades after the Second World War, that ... More


The Determinants of Long-Term Growth in the GCC Countries

Raphael Espinoza, Ghada Fayad, and Ananthakrishnan Prasad

in The Macroeconomics of the Arab States of the Gulf

Published in print:
2013
Published Online:
January 2014
ISBN:
9780199683796
eISBN:
9780191763373
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199683796.003.0002
Subject:
Economics and Finance, Macro- and Monetary Economics

GDP growth in the GCC has been considerably higher than in advanced economies and other oil exporters outside the region since 1986. The chapter shows that the GCC countries have swiftly accumulated ... More


Sectoral Productivity and Economic Growth in Japan, 1970–98: An Empirical Analysis Based on the JIP Database

Kyoji Fukao, Tomohiko Inui, Hiroki Kawai, and Tsutomu Miyagawa

in Growth and Productivity in East Asia

Published in print:
2004
Published Online:
February 2013
ISBN:
9780226386805
eISBN:
9780226387079
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226387079.003.0007
Subject:
Economics and Finance, South and East Asia

Following the collapse of the so-called bubble economy, Japan's economy has entered a phase of unprecedentedly low growth. From the viewpoint of growth accounting, Japan's low economic growth in the ... More


Micro Kuznets and Macro TFP Decompositions

Robert M. Townsend

in Financial Systems in Developing Economies: Growth, Inequality and Policy Evaluation in Thailand

Published in print:
2011
Published Online:
January 2011
ISBN:
9780199533237
eISBN:
9780191594892
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199533237.003.0005
Subject:
Economics and Finance, South and East Asia, Development, Growth, and Environmental

Within-sector total factor productivity (TFP) growth is negative for manufacturing and services and positive for agriculture. Distinguishing across time periods, TFP growth is negative, except for ... More


Educational Attainment and Economic and Political Developments, 1960–2010

Robert J. Barro and Jong-Wha Lee

in Education Matters: Global Schooling Gains from the 19th to the 21st Century

Published in print:
2015
Published Online:
August 2015
ISBN:
9780199379231
eISBN:
9780199379262
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199379231.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter explores the cross-country linkages between education and important economic and political variables, including economic growth, fertility, and democracy, for 1960–2010. Adopting ... More


The Outlook for US Labor-Quality Growth

Canyon Bosler, Mary C. Daly, John G. Fernald, and Bart Hobijn

in Education, Skills, and Technical Change: Implications for Future US GDP Growth

Published in print:
2018
Published Online:
September 2019
ISBN:
9780226567808
eISBN:
9780226567945
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226567945.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

Over the past 15 years, labor-quality growth has been very strong—defying nearly all earlier projections|and has added around 0.5 percentage points to an otherwise modest US productivity picture. ... More


Integrated Micro–Macro Models with Dual Financial Sectors

Robert M. Townsend

in Financial Systems in Developing Economies: Growth, Inequality and Policy Evaluation in Thailand

Published in print:
2011
Published Online:
January 2011
ISBN:
9780199533237
eISBN:
9780191594892
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199533237.003.0007
Subject:
Economics and Finance, South and East Asia, Development, Growth, and Environmental

This chapter presents two micro/macro dual sector models. The first model emphasizes the transitions of households from subsistence agriculture or wage work into non-farm enterprise. The second model ... More


Human Capital and Economic Growth: Linear Specifications

in Human Capital and Economic Growth

Published in print:
2008
Published Online:
June 2013
ISBN:
9780804755405
eISBN:
9780804769761
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804755405.003.0007
Subject:
Economics and Finance, Econometrics

This chapter provides a systematic empirical investigation of the human capital economic–growth nexus from a linear perspective. It uses the transition to the steady-state approach formalized by ... More


Human Capital and Economic Growth: Nonlinear Specifications

in Human Capital and Economic Growth

Published in print:
2008
Published Online:
June 2013
ISBN:
9780804755405
eISBN:
9780804769761
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804755405.003.0009
Subject:
Economics and Finance, Econometrics

This chapter examines the human capital–growth relationship from a nonlinear perspective using the transition to the steady-state approach formalized by Mankiw, Romer, and Weil (MRW) and the growth ... More


Development as economic growth, 1956–

John Toye

in The Many Faces of Socioeconomic Change

Published in print:
2017
Published Online:
October 2017
ISBN:
9780198723349
eISBN:
9780191789786
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198723349.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

Economists often conflate the theory of economic development with the theory of economic growth. This practice has become increasingly popular since Robert Solow made elegant improvements to the ... More


Structural change, Employment, and Poverty Alleviation in China

Ximing Yue

in Structural Change and Industrial Development in the BRICS

Published in print:
2015
Published Online:
November 2015
ISBN:
9780198725077
eISBN:
9780191792502
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198725077.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental, International

Based on the existing literature and available data, this chapter first describes the structural changes in the Chinese economy since economic reforms started. The focus is on value added and ... More


Capital Accumulation and Animal Spirits

Vijay Joshi

in India's Long Road: The Search for Prosperity

Published in print:
2017
Published Online:
March 2017
ISBN:
9780190610135
eISBN:
9780190610166
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190610135.003.0004
Subject:
Economics and Finance, International

This chapter begins by highlighting the main results of empirical growth accounting for India. One outstanding feature is the watershed around the year 1980 when growth accelerated, driven mainly by ... More


Globalization and Its Effects

Rajesh Raj S.N. and Kunal Sen

in Out of the Shadows?: The Informal Sector in Post-reform India

Published in print:
2016
Published Online:
June 2016
ISBN:
9780199460847
eISBN:
9780199086870
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199460847.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines whether international trade created or destroyed jobs both in the Indian formal and informal manufacturing sectors. The authors employ a variety of methodological ... More


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