Development economics : from the poverty to the wealth of nations / Yujiro Hayami, Yoshihisa Godo.

Format:

Book

Author/Creator:

Hayami, Yūjirō, 1932-2012.

Contributor:

Yoshihisa Godo.

Language:

English

Subjects (All):

Economic development.

Physical Description:

1 online resource (449 p.)

Edition:

3rd ed.

Place of Publication:

Oxford ; New York : Oxford University Press, 2005.

Language Note:

English

Summary:

Hayami and Godo address the major question of why a small set of countries has achieved a high level of affluence while the majority remain poor and stagnant, and looks critically at the social and cultural restraints which need to be overcome.

Contents:

Contents; List of Figures; List of Tables; Introduction; Scope of development economics; Organization of the book; 1. A Theoretical Framework for Economic Development; 1.1 Development of the Social System; 1.1.1 A model of dialectic social development; 1.1.2 A historical example; 1.1.3 Marx and new institutionalism; 1.2 The Theory of Induced Innovation*; 1.2.1 Induced technological innovation; 1.2.2 Induced institutional innovation; 1.2.3 Logic of political market; 1.2.4 Historical path dependency; 1.3 Developing Economies in the Light of the Theoretical Framework

2. A Comparative Perspective on Developing Economies2.1 Economic Growth and Structural Change; 2.1.1 Per capita GDP and its growth; 2.1.2 Changes in industrial structure; 2.2 Sructure of Capital Accumulation; 2.2.1 Capital formation and savings in economic growth; 2.2.2 External debt and inflation; 2.3 Accumulation of Human Capital; 2.3.1 Measurement of human capital; 2.3.2 Human capital investment and economic growth; 2.4 Population, Natural Resources, and Foods; 2.4.1 Population pressure on natural resources; 2.4.2 Population growth vs. food supply

3. Population Growth and the Constraint of Natural Resources3.1 Population Growth in Economic Development; 3.1.1 Historical changes in world population; 3.1.2 Demographic transition; 3.1.3 The case of India; 3.2 Economic Theories of Population Growth; 3.2.1 The Malthus model; 3.2.2 The household utility maximization model*; 3.3 Theories of Resource Constraint on Economic Growth; 3.3.1 From Malthus to the Club of Rome; 3.3.2 The Ricardo model*; 3.3.3 The dual economy model*; 4. Breaking the Natural Resource Constraint; 4.1 Potential of Science-Based Agriculture

4.2 A Perspective on the Green Revolution4.2.1 Development and diffusion of modern varieties; 4.2.2 Conditions of technology transfer; 4.2.3 External and internal land augmentation; 4.3 Barriers to Induced Innovation; 4.3.1 Problems in Africa; 4.3.2 Whither the Green Revolution?; 4.4 Development via Natural Resource Slack; 4.4.1 Colonialism and the vent-for-surplus theory; 4.4.2 The staple theory; 4.4.3 The Dutch disease; 5. Capital Accumulation in Economic Development; 5.1 From Adam Smith to Marx; 5.1.1 Capital in Adam Smith; 5.1.2 Ricardo revisited

5.1.3 The Marx model of capitalist development*5.1.4 The Marx model and the efficiency wage theory*; 5.2 Development Theories and Policies after World War II; 5.2.1 The theory of balanced growth; 5.2.2 Application of the Harrod-Domar model*; 5.2.3 The model of low-equilibrium trap*; 5.2.4 Development theories and policy choice; 5.3 Neoclassical Production Function and Growth Model; 5.3.1 Different assumptions of the production function; 5.3.2 The Solow-Swan model*; 5.4 Growth Accounting Test; 5.4.1 The growth-accounting equation; 5.4.2 Sources of modern economic growth

5.5 Changes in the Pattern of Economic Growth

Notes:

Description based upon print version of record.

Includes bibliographical references (p. [383]-414) and index.

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

0-19-927271-9

1-281-19838-2

0-19-153414-5

9786611198381

OCLC:

63294886