Economic Growth: New Directions in Theory And Policy [ILLUSTRATED]  (Hardcover)

Product Description  
This enlightening and significant new volume focuses on the nature,causes and features of economic growth across a wide range of countriesand regions. Covering a variety of growth related topics - fromtheoretical analyses of economic growth in general to empiricalanalyses of growth in the OECD, transition economies and developingeconomies - the distinguished cast of contributors address some of themost important contemporary issues and developments in the field. Theseinclude, amongst others:
* endogenous growth theory
  * Keynesian theories of the business cycle and growth
  * unemployment and growth
  * FDI and productivity spillovers
  * knowledge externalities and growth.

This useful analysis of the many facets of economic growth will be anessential read for those interested in economic theory and economicpolicy-making, as well as students and scholars of macroeconomics andfinance.

About the Author   
Edited by Philip Arestis,University Director of Research, Cambridge Centre for Economic andPublic Policy, Department of Land Economy, University of Cambridge,Fellow of Wolfson College, UK and Institute Professor, Levy EconomicsInstitute, US, Michelle   Baddeley, Fellow and Director ofStudies (Economics), Gonville and Caius College, Cambridge and Facultyof Economics, University of Cambridge, UK and John McCombie,Director, Centre for Economic and Public Policy, Department of LandEconomy, University of Cambridge and Fellow of Downing College, UK

• Hardcover: 317 pages
• Publisher: Edward Elgar Publishing; illustrated edition edition (May 7, 2007)
• Language: English

Contents:

1. Introduction
Philip Arestis, Michelle Baddeley and John S.L. McCombie

2. Is Growth Theory a Real Subject?  
Franklin M. Fisher

3. What is Endogenous Growth Theory?
Mark Roberts and Mark Setterfield

4. Is the Natural Rate of Growth Exogenous?
Miguel Leon-Ledesma and A.P. Thirlwall

5. The Representative Firm and Increasing Returns: Then and Now
Stephanie Blankenberg and G.C. Harcourt

6. A Dynamic Framework for Keynesian Theories of the Business Cycle and Growth
Pedro Leão

7. A Keynesian Model of Unemployment and Growth: Theory
John Cornwall

8. A Keynesian Model of Unemployment and Growth: An Empirical Test
Wendy Cornwall

9. The Relevance of the Cambridge–Cambridge Controversies in Capital Theory for Econometric Practice
G.C. Harcourt

10. Foreign Direct Investment and Productivity Spillovers: A Sceptical Analysis of Some OECD Economies
Carlos Rodríguez, Carmen Gomez and Jesus Ferreiro

11. Increasing Returns and the Distribution of Manufacturing Productivity in the EU Regions
Bernard Fingleton and Enrique López-Bazo

12. The Role of Wage-Setting in a Growth Strategy for Europe
Andrew Watt

13. Economic Growth and Beta-Convergence in the East European Transition Economies
Nigel F.B. Allington and John S.L. McCombie

14. Knowledge Externalities and Growth in Peripheral Regions
Fabiana Santos, Marco Crocco and Frederico Jayme Jr

15.Knowledge, Human Capital and Foreign Direct Investment in DevelopingCountries: Recent Trends from an Endogenous Growth Theory Perspective
Diana V. Barrowclough

16. Is Growth Alone Sufficient to Reduce Poverty? In Search of the Trickle Down Effect in Rural India
Santonu Basu and Sushanta Mallick

17. Strategy for Economic Growth in Brazil: A Post Keynesian Approach
José L. Oreiro and Luiz-Fernando de Paula

Index