A Theory of Economic Growth or Rice Economies Technology and Development in Asian Societies

A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations

Author: David De la Croix

Inter-generational transfers are at the center of economic policy debates today. Reducing public debt; financing social security; taxing capital and bequests; and designing the education system imply substantial inter-generational transfers. The tool that economists employ to analyze these issues is the overlapping generations model, which reflects the different periods of life. When the model includes capital accumulation, it also allows researchers to formalize the development of an economy, relating its growth path to the savings behavior of young agents. The aim of this book is an in-depth analysis of this model that includes its major policy implications.

Table of Contents:

	Introduction
	Acknowledgments
1	Competitive Equilibria	1
2	Optimality	72
3	Policy	129
4	Debt	179
5	Further Issues	238
Technical App. A.1	Production Functions	305
Technical App. A.2	Calculus	311
Technical App. A.3	Dynamical Analysis	314
Technical App. A.4	Dynamic Optimization	326
Technical App. A.5	Calibration and Simulation	338
Technical App. A.6	Statistics	344
	List of Definitions	347
	List of Propositions	349
	List of Assumptions	353
	Bibliography	355
	Author Index	369
	Subject Index	373

Go to: Marketing Library Edition or Principles of Macroeconomics

Rice Economies - Technology and Development in Asian Societies

Author: Francesca Bray

The contrast in the rate of growth between Western and Eastern societies since 1800 has caused Asian societies to be characterized as backward and resistant to change, though until 1600 or so certain Asian states were technologically far in advance of Europe. The Rice Economies, drawing on original source materials, examines patterns of technological and social evolution specific to East-Asian wet-rice economies in order to clarfiy some general historical trends in economic development.