Index
Abel, A.B. 58
Aghion, P. 11, 276, 315, 397, 400, 420
Aghion-Howitt model 397
Agricultural economy 138
Agricultural sector 224
AK-OSG model 283
AK-Ramsey model 286
Altruism 160
Amano, M. 228
Amenity 253
unemployed person 253
Araujo, A. 86
Arbitrage 144
Arrow, K.J. 9, 282; see also learning by doing
Arrow-Debreu equilibrium model 421
Arthur, W.B. 429
Ashenfelter, O. 195
Atkinson, A.B. 157
Average propensity to consume 29, 94
Average propensity to save 29, 86, 212
Ayong Le Kama, A.D. 132
Azariadis, C. 10, 19, 143, 213, 356, 425
Bajo-Rubio, O. 119
Balance condition 145
Banerjee, A.V. 339
Barkai, H. 210
Barro, R.J. 1, 11, 118, 286, 354, 393, 396, 401, 408
Barten, A.P. 97
Baumol, W. 345
Becker, G S. 108, 128, 160, 195-6, 198, 356
Benabou, R. 165
Benassy, J.P. 260
Benhabib, J. 86, 109, 128, 137, 143
Bernanke, B.S. 60
Bernoulli equation 42
Bertinelli, L. 244
Bertrand price competition 403
Bignami, F. 250
Black, D. 244
Blanchard, O. 252
Blankenau, W.F. 288
Blume, L. 193
Boldrin, M. 425
Booth, A.L. 270
Boucekkine, R. 137
Bourguignon, F. 157
Bovenberg, A.L. 131
Boyer, M. 422
Brems, H. 210
Bresnahan, T.F. 343
Brezis, E.S. 299
Brock, W.A. 86
Browning, M. 198
Brumberg, R. 81
Burmeister, E. 9, 10, 11, 19, 100, 104, 212
Cain, G.G. 196
Campbell, J.Y. 110
Capital 17; see also home capital accumulation 17, 188
Capital-intensive 76
Capital transmutation 104
Capitalism 8
three different processes 8
Caplin, A.S. 275
Casson, M. 181
Catastrophe theory 10
Champ, B. 149
Chang, W.Y. 110
Characteristic equation 89, 148
Characteristic root 88
Chari, V.V. 299
Chatterjee, S. 167
Checking force 138
Chiang, A.C. 73
Chiarella, C. 250
Chinese culture 354
Chinese economies 1; see also Confucianism
Clarke, H.R. 134
Clower, R.W. 250
Cobb-Douglas see production function, utility function
Cochrane, J. 210
Cohn, E. 294
Collard, D. 160
Collective utility function 198
Colombo, L. 250
Commodity bundle 98
Commodity space 98
Comparative advantage 281
Comparative static analysis 173
Competitive 4
process 9
Conditional co-operation 161
Confucianism xvii
education 306
frugality 306
hard work 306
Constant elasticity of substitution (CES) 46
Consumption goods 17
Coordination failure 356
Corden, W.M. 213
Crafts, N.B. 377
Credit market 356
Cropper, M.L. 132
Das, M. 422
Davis, S.J. 276
De la Croix, D. 137
Debreu, G. 99
Walrasian 55
ordinary 55
market 55
Demark 125
Democratic 182
Demographic 52
Dessing, M. 110
Development indicator 3
Diamond, P.A. 213
Diminishing returns 209, 282, 352
Discount rate of utility 84, 87
Disequilibrium economics 250
Distribution policy 168
Disutility 134
Division of labor 4, 128, 209, 379
Dixit-Stiglitz preference 388
Dobell, A.R. 9, 11, 19, 100, 104, 212
Dollar, D. 282
Dolmas, J. 86
Domar, E.V. 9, 72
Drandakis, E. 213
Drazen, A. 356
Dreze, J. 250
Dual economy 228
Duranton, G. 158
Durkheim, E. 294
East Asian economies xvii, 1, 294, 353, 419
Economic growth theory see growth theory
Economic miracles 1, 353; see also East
Asian economies
Economic structure, see structure
Education sector 299
Efficiency wage theory 263
Effort curve 265
Effort function 264
Egoism 160
Eicher, T.S. 356
Elasticity of intertemporal substitution 93
Elasticity of substitution 47, 205, 388
Engel's law 239
Entrepreneur 9
Entry-exit process 380
Environment 131
Environmental policy 136
Environmental sector 132
Epstein, L.G. 422
Equality and efficiency 157
Equilibrium 34
Equilibrium theory 250
Euler theorem 21
Evenson, R.E. 416
irrational 231
rational 231
Externality 282
Fei, J.C.H. 196
Final goods 381
First order conditions 54, 69, 88
First-order linear differential equation 44
Fisher, A.C. 133
Fisher equation 398
Flaschel, P. 250
Folbre, N. 195
Fonseca, E.G.D. 181
Forster, B.A. 132
Freeman, S. 149
Fujita, M. 420
Functional income distribution 209
Galbraith, J.K. 300
Gale, D. 147
Galor, O. 137, 143, 158, 165, 167, 213, 352
García-Peñalosa, C. 356
Gender 195
Generalized Solow model with poverty traps 95
Gini coefficient 183
Glachant, J. 167
GNP 28
Gomme, P. 129
Gong, G. 288
Gordon, R.J. 257
Government 118
expenditure 118
size 118
Grandmont, J.M. 143
Greece 294
Greiner, A. 288
Gross disposable income 23
Gross national product (GNP) 28
Grossman, G.M. 11, 282, 387, 393, 401
Grossmann, V. 182
Groups 161
multiple 191
three 193
Growth theory 3
traditional 4
Gruver, G.W., 132
Guo, J.T. 119
Hadjimichalakis, M. 143
Haltiwanger, J. 276
Hamilton, B.W. 195
Harmonics 421
Harris, J.R. 244
Harrod, R.F. 9, 72
Harrod-Domar growth model 9, 74
Harrod neutral 105; see also technological change
Head, A.C. 119
Heavy industrial sector 241
Helpman, E. 11, 282, 343, 387, 393, 401
Henderson, J.V. 244
Hicks, J. 104
Hicks neutral 105; see also technological change
Home capital 196
Home service 109; see also home production
Homogeneity of degree n 20
Hopenhayn, H. 299
Housing 129
Howitt, P. 11, 276, 315, 397, 400, 420
Human capital 128, 187, 197, 250 accumulation 164, 282, 295, 379
Hump-shaped path 94
Husband 197
Hysteresis 355
Imperfect capital market 182
Implicit function theorem 55
Implicit wage contract model 273
Income distribution 5, 40, 157, 183
Income taxation 118
Income transfer 160
Indifferent 99
Indifference curve 24
Indirect utility 389
Infrastructure 118
Innovation 9, 104, 167, 282, 380, 396
process 387
product 387
Input-output system 210
Insider and outsider model 275
Intergenerational equity 79
Intermediate goods 381
International trade 250
Jacobian 148
Japanese culture 354
Jellah, M. 266
Jha, R. 119
Johnes, G. 294
Jones, C.I. 420
Kaas, L. 161
Kaiyama, M. 228
Kaldor-Pasinetti two-group model 421
Karp, L. 299
Keynesian consumption function 27, 81
Keynesian economics 249
Kennedy, C. 282
Kennedy, P.W. 132
King-Rebelo model 94
accumulation 204
creation 164
utilization 281
Knowledge-based economy 296
Kolm, S.C. 160
Korea 295
Kraus, R. 294
Kremer, M. 375
Krusell, P. 299
Kuznets, S. 3, 182; see also Kuznets curve
Kuznets curve 182
Kuo, S.W.Y. 196
Kydland, F.E. 129
Labor-intensive 76
Labor supply 109
elastic 109
Labor union 276
Ladrón-de-Guevara, A. 109, 327
Laffont, J.J. 250
Light industrial sector 241
Lam, D. 196
Land 224
distribution 236
ownership 226
Land-intensive 76
Land rent 209
Lapham, B.J. 119
Layard, R. 195
Lazear, E.P. 196
Learning 204
by doing 10, 204, 266, 281, 283, 299, 410
by education 10, 204, 281, 299
Lee, H. 299
Leijonhufvud, A. 250
Leontief, W.W. 50, 223; see also production function, input-output system
Leontief input-output system, 223
Life style
Lifetime budget constraint 87
Lifetime utility 84
Linearized knowledge growth 381, 416
Liquidity constraint 83
Lisandro, O. 137
Liu, W.F. 110
Ljungquist, L. 356
Londono, L. 356
Lorenz, H.W. 429
Loren curve 182
Love, D.F. 297
Lucas, R.E. 2, 10, 288, 294, 357
Lucas growth model 288
Ludvigson, S. 110
Lyapunov function 58
Lyapunov's theorem 58
Magill, M.J.P. 86
Maler, K.G. 132
Malinvaud, E. 250
Malthus, 5, 379; see also population growth
Malthusian growth model 6, 137
Malthusian process 355
Marginal productivity 282
Marginal propensity to consume, 29
Marginal propensity to save, 212
Marginal rate of substitution 24
Marginal utility 85
Marglin, S.A. 161
Marino, A.M. 228
Markup 412
Market power 381
Marshall, A. 181, 294, 311, 379
Marx, K. 5
Mazumdar, D. 263
McElroy, M.R. 198
Menu cost theory 275
Middle class 194
Miller, D. 161
Mills, E.S. 195
Mincer, J. 196
Miyao, T. 143
Moav, O. 165
Mobility 354
Modeling group differences 204
Modigliani, F. 81, 83, 161; see also permanent income hypothesis
Money 143
Money equilibrium 147
inside 147
outside 147
Monetary policy 109
Monopolistic competition 379, 381
Monopolistic power 158
Monopolistic pricing 402
Monopoly profit 393
Monopoly rent 387
Monotonic transformation 24
Monotonicity 54
Mookheijee, D. 355
Murata, Y. 244
Myrdal, G. 357
Nardini, F. 282
Natural laws 4
Natural price of labor 209
Negishi, T.210, 250
Network externality 355
Neugart, M. 276
New economic geography 420
Newman, A.F. 339
Niehans, J. 137
Nishimura, K. 86, 159, 213, 425
Nonsubsistence income 94
Nurkse, R. 352
Nyarko, Y. 299
One-sector growth model see OSG model
Operating profit 390
Orphanides, A. 149
OSG model 17, 33, 66, 73, 97, 149 in discrete time 62, 68
Over-save 45
Panico, C.
Parente, S. 299
Path-dependence 355
Pemberton, J. 266
Pentecost, E. 274
Perfect substitution 204
Perli, R. 109
Permanent income 84
Permanent income hypothesis 28, 83
Persson, T. 165
Peterson, F.A. 133
Phelps, E.S. 100
Phelps' golden rule 100
Piketty, T. 158
Pissarides, C.A. 276
Pitchford, J.D. 137
Pitchfork bifurcation process 431
Playfulness 294
Plouder, G.C. 132
Poisson process 398
Political and social instabilities 95
Population dynamics 32
Preference order 99
Preference relation 98
completeness 99
continuity 99
reflexibility 98
transitivity 98
Present value 87
Present-value Hamiltonian 87, 291
Price elasticity 389
Price index 389
Price of money 144
Pricing strategy 384, 390, 403
Production function 19, 69, 104
Cobb-Douglas 41, 205, 284, 382
household 128; see also home production
intensive form 20
Progressive taxation 158
Propensity 24
to consume agricultural goods 227
to consume goods 24, 44, 110, 227
to consume housing 227
to consume services 227
to own wealth 24, 44, 95, 110, 227
to save 94
to use leisure time 110
Protestant ethic 311
Public goods 118
Public sector 119
Purification 135
Puu, T. 429
Quah, J.S.T. 2
Qualified labor force 187
Quality ladder 401
Rader, T. 99
R&D 282
Ralf, K. 213
Ramsey, F. 9, 86, 158; see also Ramsey growth model
Ramsey growth theory xvi, 86, 92, 108, 421
Ranis, G. 196
Rauch, J.E. 282
Ray, D. 355
Razor-edge growth path 76
Redistribution 356
Reed, W.J. 134
Reilly, M. 300
Return to R&D 387
Returns to scale 20, 118, 128, 309
increasing 10, 20, 122, 313, 355, 379
On the Principles of Political Economy and Taxation 5
Ricardian classification 183
Ricardian growth model 222
generalization 222
Rich class 194
Riddell, W.C. 323
Rios-Rull, J.V. 299
Risk neutrality 398
Rome 294
Romer, P.M., 10, 90, 282, 284, 323, 381
Ros, J. 94
Rosen, S. 196
Rosenstein-Rodan, P.N. 354
Rosenzweig, M.R. 128
Rural 182
Sachs, J.D. 356
Saddle point 89
Sahota, G.S. 157
Sala-i-Martin, X. 1, 11, 286, 354, 393, 396, 401, 408
Salvadori, N. 161
Samuelson, P.A. 161, 210, 228, 282
Sato, K. 161
Sato, R. 282
Sattinger, M. 162
Saving rate 30
Scheinkman, J.A. 86
The Theory of Economic Development 8
Scientific strategy 4
Search and matching theory 275
Sedlacek, G. 162
Semmler, W. 288
Sener, F. 276
Service 17
Sexual discrimination 196
Sexual division of labor 195
Shi, S.Y. 422
Shigoka, T. 425
Shimer, R. 253
Shimomura, K. 159
Shleifer, A. 356
Shone, R. 425
Simon, C.P. 193
Simpson, N.B. 288
Simulation 116
Skézely, M. 356
The Wealth of Nations 4
Smith, J. 196
Smith, V.K. 134
Smulders, S.A. 131
Social planner 91
Social welfare 120
Sociopolitical instability approach 182
Solow, R.M. 9, 76, 77, 79, 90, 93, 95, 149, 265, 288, 294, 397, 416
Solow growth model xvi, 59, 73, 90, 100, 108, 143, 211, 421
Solow neutral 105; see also technological change
Solow-Swan growth model 9, see Solow model
Song, X.C. 214
Spence, M. 393
Spilimbergo, A. 356
Spill-over effects 119
Spulber, D.F. 275
Stable equilibrium 310
Stage of economic development 305
Stephens, J.K. 133
Steady state see equilibrium
Sticky price 250
Stiglitz, J.E. 213, 357, 381, 388
Structural frictions 276
change 209
final-goods sector 381
intermediate-goods sector 381
transformation 17
Stutzer, M. 429
Stylized facts of economic growth 3
Subjective discount rate 388
Subsistence 93
level of consumption 94
wage rate 209
Survivorship function 77
Sweden 125
Synergetics 10
Tabellini, G. 165
Tassel, E.V. 195
Taste change 118; see also preference
Tax policy 161
Taylor, J.B. 10
Technological change 7, 204, 284
disembodied 105
embodied 105
Variety 281
labor saving 105
neutral 105
Teulings, C.N. 162
Thadden, L. von. 143
Theoretical integration xv
Thomas, D. 195
Threshold effect 356
Time 108
Tirole, J. 143
Tobin effect 149
Total factor productivity 41
Trajtenberg, M. 343
Transitional dynamics 93
Transitory income 85
transversality condition 88, 292
Tsai, H.F. 110
Tsiddon, D. 299
Tsutsui, S. 282
Turnovsky, S.J. 109
Two-capital growth model 240
Two-group growth model 160
Unemployment 249
benefit 251
duration 251
policy 259
structural 275
United States 1
Unstable equilibrium 310
Utility function 23, 69, 97, 99
Uzawa two-sector model 211, 223, 421
life styles 281
taste for 388
Vellutini, C. 167
Vishny, R. 356
Wage rigidity 266
Walrasian labor market 263
Warner, A.M. 356
Weil, D.N. 137
Weinrich, G. 250
Weiss, Y. 196
Weizsacker, C.C. 282
Welfare economy 251
Welfare state 161
Westphal, L.E. 416
Wetzell, D.L. 110
Wife 197
Wilcox, J.A. 257
Willis, R.J. 196
Winter, S.G. 282
Wirl, F. 132
Woodford, M. 10
Yorke, Y. 431
Young, A. 336, 351, 376, 415, 420
Zamagni, S. 160
Zeira, J. 158
Zenou, Y. 266
Zhang, J. 196
Zhang, J.S. 196
Zhang, J.X. 119
Zhang, W.B. xvi, 1, 3, 9, 10, 11, 19, 24, 58, 86, 109, 114, 121, 128, 130-2, 138, 143, 158, 160, 162, 188, 196, 244, 250, 276, 294, 307-8, 311, 315, 336-7, 351, 354, 374, 408, 420, 425, 429; see also OSG model