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Economic Growth (Mcgraw-Hill Advanced Series in Economics) Hardcover – January 1, 1995

ISBN-13: 978-0070036970 ISBN-10: 0070036977

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Product Details

  • Series: Mcgraw-Hill Advanced Series in Economics
  • Hardcover: 539 pages
  • Publisher: Mcgraw-Hill College (January 1995)
  • Language: English
  • ISBN-10: 0070036977
  • ISBN-13: 978-0070036970
  • Product Dimensions: 1.2 x 6.8 x 9.8 inches
  • Shipping Weight: 2 pounds
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (13 customer reviews)
  • Amazon Best Sellers Rank: #1,222,497 in Books (See Top 100 in Books)

Editorial Reviews

Review

"Barro and Sala-i-Martin have done a superb job of synthesizing much of the existing theoretical and empirical research on the mechanisms and determinants of economic growth and convergence. Though it incorporates much new material, this updated version is fully accessible to a third year undergraduate student, while remaining of invaluable use to any research scholar seriously interested in growth and development economics."--Philippe Aghion, Department of Economics, Harvard University



"Barro and Sala-i-Martin provide an outstanding and comprehensive treatment of growth theory and empirics—an instant classic! I learn something new every time I pull my copy from the shelf." Charles I. Jones , Department of Economics, University of California, Berkeley



"Laurence Kotlikoff is the world's leading authority on savings behavior: its causes and its consequences for public policy. These essays are a worthy successor and extension to his What Determines Savings? Anyone who wants to stay current on research in public finance will want to read the recent contributions collected here."--Robert E. Lucas, Jr., John Dewey Distinguished Service Professor, The University of Chicago, Nobel Laureate in Economic Sciences (1995)Please note: "What Determines Savings?" is in italics.



"Dalia Marin and Monika Schnitzer have produced the first serious theory of barter in emerging market economies. Using the methodology and techniques of modern contract theory, they show how barter trade can mitigate contractual enforcement problems in relationships involving moral hazard in technology trade and debt repayments. They also provide an illuminating analysis of barter in transition economies where firms are both highly credit-constrained and operating in a non-competitive environment with a small number of suppliers and customers. This book will become a classical reference in the fields of transition, international trade and international finance, and also for all students and researchers interested in economic development and institutions."--Philippe Aghion, Department of Economics, Harvard University



"Lionel McKenzie's new monograph is a pleasure to read. Only a major contributor to economic theory could teach general equilibrium theory with such clarity and authority. The book is gracefully written and rigorous, and does an elegant job of situating competitive equilibrium theory in the economic and mathematical traditions from which it evolved."--Robert E. Lucas, Jr., John Dewey Distinguished Service Professor, The University of Chicago, Nobel Laureate in Economic Sciences (1995)



"Barro and Sala-i-Martin provide an outstanding and comprehensive treatment of growth theory and empirics -- an instant classic! I learn something new every time I pull my copy from the shelf."--Charles I. Jones, Department of Economics, University of California, Berkeley



"*Contract Theory* is certainly the most important textbook on the frontiers of microeconomics since Tirole's celebrated *Theory of Industrial Organization*. Bolton and Dewatripont have done a marvelous job of providing an exhaustive account of the field, using only very simple and self-contained models and relying on a whole battery of economic applications. All this contributes to making the book not only the unavoidable teaching and research reference on contract theory, but also a unique tribute to economics at its best."--Philippe Aghion, Department of Economics, Harvard University

--This text refers to an alternate Hardcover edition.

About the Author

Robert J. Barro is Robert C. Waggoner Professor of Economics at Harvard University and a senior fellow of the Hoover Institution at Stanford University. About Robert Barro: "He has changed the way economists think about everything from the long-run effects of government deficits to the forces that favor economic growth." --Sylvia Nasar, New York Times Xavier Sala-i-Martin is Professor of Economics at Columbia University, and visiting professor at the University of Pompeu Fabra, Barcelona. --This text refers to an alternate Hardcover edition.

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Customer Reviews

4.5 out of 5 stars
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Most Helpful Customer Reviews

11 of 12 people found the following review helpful By A Customer on July 21, 1997
Format: Hardcover
You cannot avoid reading this book if you are going to do any advance undergraduate economics courses......
Well, not really, but if you read through chapters 1 to 5 and take time to workout the equations, you will surely find your knowledge in economics augment quite a bit: as long as you do not enrol into a PhD course, equations in economics texts can no longer unnerve you.
Furthermore, according to my lecturer, this is the only introductory text on growth theory which covers New Growth Theory (chapter 6), i.e. models with imperfect competition and innovation .
An evidence of this book's popularity: I saw a big pile of them in Blackwell's in Oxford (biggest bookstore in Britain)
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14 of 16 people found the following review helpful By A Customer on December 29, 1998
Format: Hardcover
This book is obviously the product of two great teachers! Everything is very clearly explained. There are some very nice details about conditional convergence across the US states. If you're looking to augement your economics knowledge after taking an intermediate macroeconomics class, short of actually taking one of these author's classes, this would definitely be the way.
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11 of 13 people found the following review helpful By econfkw on February 24, 2005
Format: Hardcover
This is a must read for graduate macro. class and economic growth. The ordinary differential equations discussion at the appendix is concise and intuitive. Derivation of equations is very clearly presented in this book. But you must read the appendix before you read the first chapter. Like how to derive the growth convergence rate in ch.2 and the numerical procedures in the book. This book exhibits a perfect blend of theory, econometric work and even numerical method. Of course, for log linearization, you definitely want to look for elsewhere. The last few chapters are good for choosing dissertation topics.
I tried to read Aghion and Howitt's 1992 seminal paper of endogenous growth, but found it inscrutible. After reading this book, I find it much easier.
The only reason that it does not deserve 5 stars is huge number of typos, especially the numbering of equations. For example, pp.109, the description of fig 2.3 does not match the figure.
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16 of 20 people found the following review helpful By Hilary Sarneski-Hayes on January 4, 2004
Format: Hardcover
Prior to having used this book, Macroeconomics was the bain of my life. A short sweater wearing Frenchman assigned it as the set text of his course and everything changed. The models are clear, lucid and stimulating. The exposition is first rate and the mix of theory with empirics is frankly breathtaking.
I used to turn up 20 minutes late to macro lectures out of fear, now I wake up early asking myself "How can I make Peru grow faster". Is Economic Growth dull? Now, not so much as not at all...
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4 of 5 people found the following review helpful By A. Duarte on August 5, 2003
Format: Hardcover Verified Purchase
This is an excelent book that covers very well "the old and new" Growth Theory". However it is a very hard book and be prepared to use everything you know about math and economics. Perfect book for graduation courses in growth theory. My only suggestion is to include a chapter about the efect of institutions on the economies.
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1 of 1 people found the following review helpful By Andrew on January 29, 2011
Format: Hardcover Verified Purchase
Just like mentioned in the title, this is a wonderful book on economic growth theory. Everything you want to know about economic growth, either old school or cutting edge, theoretical or empirical, for learners or for researchers, is in there for the enrichment of your knowledge. The authors are erudite and write smooth and clear English for anyone to grab an in-depth understanding of their ideas. Moreover, Amazon makes a good and fast delivery service too, right to your front door, of the book exactly as you want, brand new and appropriately packaged, safe from almost anything. It's really great, I like it very much. And you will, too!
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1 of 1 people found the following review helpful By Bruno LEO on July 27, 2007
Format: Hardcover Verified Purchase
Economic Growth, by Sala-i-Martin anb Barro, has already become a classic. I can't think of anything better on the subject. Excellent book and carefully written!
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