Overview

The problem of economic growth today constitutes one of the most important concerns facing policy planners from developing, as well as developed countries. This has triggered renewed interest in growth economics among theorists. This volume highlights some recent advances in growth theory, including: long run growth; financing infrastructure; taxation policies; resource allocation for technological progress; and human capital formation. The author uses a common framework to analyse different models and to highlight and compare distinguishing features of individual models. Solow's neo-classical model of growth is used as a basic reference point to build other ideas. Based on the experience of the author in the classrooms, the book uses undergraduate mathematics for a lucid and simple exposition of growth economics. The volume will be of immense value as a textbook for senior undergraduate and postgraduate students, and research scholars, as well as a teaching and research tool.

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9780195675245

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