Modern Growth Theory

Hardcover | January 15, 2011

byDipankar Dasgupta

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The book deals with Growth Theory, one of the most interesting as well as important subjects universities across the world teach at the Master's level. It is based on lectures delivered to Master's level students and Research Scholars at the Indian Statistical Institute, the Jawaharlal NehruUniversity, the Delhi School of Economics, the Indian Institute of Technology, Kharagpur, Kobe University, Japan, and the City University of Hong Kong. In order to take into account student inputs, several batches of students were exposed to the ideas presented here, who provided their feedbacks tothe author. The book provides an in depth treatment of Old Growth Theory and then follows it up with the best known works in New Growth Theory. In addition, to ensure that the book serves the purpose of a classroom textbook, the exercises have been added at the end of each chapter that teachers can use to testthe understanding of the students. The first two chapters deal with Control Theory which is explained in detail with reference to the best known of Growth Theory Models, viz. Robert Solow's neoclassical model of growth. These ideas extend easily to the later chapters as well. The first two chapters of the book can be used for a first year Master's level course in Macroeconomics as well, though the book as a whole deals with the subject of Economic Growth, which is usually taught as a special paper at the second year Master's level. Finally, given that the book starts offwith numerical examples relating to the Indian economy, it should appeal to students studying in Indian universities.

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The book deals with Growth Theory, one of the most interesting as well as important subjects universities across the world teach at the Master's level. It is based on lectures delivered to Master's level students and Research Scholars at the Indian Statistical Institute, the Jawaharlal NehruUniversity, the Delhi School of Economics, th...

Dipankar Dasgupta retired as Professor of Economics at the Indian Statistical Institute in Kolkata. He also taught at Indian Statistical Institute in Delhi.
Format:HardcoverDimensions:280 pages, 9.65 × 6.5 × 0.98 inPublished:January 15, 2011Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198069960

ISBN - 13:9780198069966

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Table of Contents

PrefacePart I The Solow Model and Optimal Control Theory:1. Long Run Growth: Objectives and Received Theory2. Growth in Private and Command EconomiesPart II Selected Models of New Growth Theory:3. Technical Progress as a Spillover4. Technical Progress as a Conscious Economic Activity-I5. Growth and Infrastructure6. Technical Progress as a Conscious Economic Activity-II7. Research and Uncertainty8. Other Major Issues: Growth, Scale Effects and InequalityReferencesIndex