Contents

Preface xv

About the Authors xvii

Introduction 1

1 Growth Models with Exogenous Saving Rates(the Solow–Swan Model) 23

2 Growth Models with Consumer Optimization(the Ramsey Model) 85

3 Extensions of the Ramsey Growth Model 143

4 One-Sector Models of Endogenous Growth 205

5 Two-Sector Models of Endogenous Growth (with Special Attention to the Role of Human Capital) 239

6 Technological Change: Models with an Expanding Variety of Products 285

7 Technological Change: Schumpeterian Models of Quality Ladders 317

8 The Diffusion of Technology 349

9 Labor Supply and Population 383

10 Growth Accounting 433

11 Empirical Analysis of Regional Data Sets 461

12 Empirical Analysis of a Cross Section of Countries 511

Appendix on Mathematical Methods 567

References 627

Index 641