Understanding Economic Growth

Modern Theory and Experience

  • Jati┬áSengupta

Table of contents

  1. Front Matter
    Pages i-x
  2. Jati Sengupta
    Pages 1-7
  3. Jati Sengupta
    Pages 9-17
  4. Jati Sengupta
    Pages 19-28
  5. Jati Sengupta
    Pages 29-39
  6. Jati Sengupta
    Pages 41-50
  7. Jati Sengupta
    Pages 51-67
  8. Jati Sengupta
    Pages 69-79
  9. Jati Sengupta
    Pages 81-91
  10. Jati Sengupta
    Pages 93-113
  11. Back Matter
    Pages 115-120

About this book

Introduction

Modern economies have undergone a dramatic change.  There has been a shift from large scale material manufacturing to the design and application of new technology with R&D and human capital.  The new information age has introduced significant productivity gains through increasing returns and learning by doing, which has challenged the traditional growth models based on competitive market structures.  Institutions outside the traditional markets and the genetic principle of survival of the fittest have dominated the current theory of industry growth.

 

This book coordinates and integrates the two strands of economic growth and development: the endogenous theory of growth and the extra-market models of evolutionary economics dominated by innovation efficiency.  It presents this new paradigm in terms of both theory and historical experiences.  The book addresses the role of innovations and human capital, the impact of information technology, the role of institutions as mechanisms of evolutionary economies and the experiences of Asian growth miracles, and will be of interest to readers in economics and political science concerned with economic growth and development.

Keywords

Asia Development Endogenous Theory of Growth Evolutionary Economics Information Technology Productivity

Authors and affiliations

  • Jati┬áSengupta
    • 1
  1. 1.College of Letters & Science, Dept. EconomicsUniversity of California, Santa BarbaraSanta BarbaraUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4419-8026-7
  • Copyright Information Springer Science+Business Media, LLC 2011
  • Publisher Name Springer, New York, NY
  • eBook Packages Business and Economics
  • Print ISBN 978-1-4419-8025-0
  • Online ISBN 978-1-4419-8026-7
  • About this book