Economic Development: A Regional, Institutional, and Historical ApproachM.E. Sharpe, 2007 - 320 pages This innovative textbook provides an introduction to economic development in both an historical and contemporary, comparative, and systems framework. The text takes a regional approach, with the theory developed within regional contexts. This leads to the second innovative aspect, an emphasis on institutional structures unique to each region. Third, the authors analyze the development process within the historical context of each region, and consider institutional inheritance from both the pre-colonial and colonial eras and in contemporary times. Thoroughly classroom tested, the text requires no previous courses in economics, although basic principles of economics would be useful. An Instructor's Manual with discussion questions, a test bank, and PowerPoint slides is available online to instructors who adopt the text. |
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Page 22
... output . Note that it is assumed that the marginal and average capital - to - output ratios are the same . This is a measure of the productivity of capital and is assumed to be fixed ( i.e. , exogenous ) . The second component of the ...
... output . Note that it is assumed that the marginal and average capital - to - output ratios are the same . This is a measure of the productivity of capital and is assumed to be fixed ( i.e. , exogenous ) . The second component of the ...
Page 23
... output and the capital - to - labor ratio remain unchanged ( i.e. , stationary ) . What are the implications of the ... output would grow faster than the population and per capita output would rise , as in Equation ( 1.7 ) : -n > 0 . V ...
... output and the capital - to - labor ratio remain unchanged ( i.e. , stationary ) . What are the implications of the ... output would grow faster than the population and per capita output would rise , as in Equation ( 1.7 ) : -n > 0 . V ...
Page 265
... output , a collapse of the economy . Given the analytical considerations discussed in the previous section , an initial fall in output was likely to occur . Official estimates of the decline indicate that between 1991 and 1998 ( when ...
... output , a collapse of the economy . Given the analytical considerations discussed in the previous section , an initial fall in output was likely to occur . Official estimates of the decline indicate that between 1991 and 1998 ( when ...
Contents
TABLES FIGURES AND MAPS | 11 |
History of Development Theory | 12 |
Changes in Recent Development Thinking | 27 |
Copyright | |
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absolute convergence Africa agricultural productivity agricultural sector argued Botswana capita income century China colonies commitment problem convergence created decline discussed domestic dramatically economic development economic growth efflorescences England environment environmental Europe European expansion experience exports extract factors farmers fertility firms Gini coefficients growth rates human capital impact import substitution important incentive increased India industrial initial inputs institutional structure investment Japan labor land Latin America levels lineage group manufacturing MENA countries migration nations occur output percent periphery policies political pollution population growth poverty predatory profits property rights protoindustrial rapid reduce reform region relative rent seeking result revenue role ruling elite rural Russia significant Smithian growth social society South Asia South Korea Soviet Union strategy Sub-Saharan Africa Taiwan theory tion total factor productivity trade traditional transition U-form University Press urban wealth workers World Bank