Economic growth theory: capital, knowledge, and economic structures

"This book develops a new theoretical framework to examine the issues of economic growth and development. Providing analysis of economic dynamics in a competitive economy under government intervention in infrastructure and income distribution, the book develops a unique analytical framework under the influence of traditional neoclassical growth theory. However, in a departure from neoclassical growth theory it examines both the Solow-Swan and the Ramsey growth models, introducing a utility function which treats consumer choices in ways critically different to previous approaches. Using practical examples and models the book demonstrates how this new direction can effectively analyze the key issues of economic growth, in a compact and comprehensive manner."--Provided by publisher

Cover -- Half Title -- Title -- Copyright -- Contents -- List of Figures -- List of Tables -- Preface -- Acknowledgements -- 1 Economic Growth and Growth Theory -- 1.1 Economic Growth -- 1.2 Economic Growth Theory -- 1.3 The Structure of the Book -- 2 The One-Sector Growth (OSG) Model -- 2.1 Behavior of Producers -- 2.2 Behavior of Consumers -- 2.3 On the Generalized Keynesian Consumption Function -- 2.4 Dynamics in Capital-Labor Ratio -- 2.5 Existence of a Stable Steady State -- 2.6 Productivity Improvement, Population Growth and the APS -- 2.7 The Dynamics with the Cobb-Douglas Production Function -- 2.8 The OSG Model with the CES Production Function -- 2.9 The OSG Model with the Leontief Production Function -- 2.10 The OSG Model with General Utility Functions -- 2.11 The OSG Model with Preference Dynamics -- 2.12 The OSG Model in Discrete Time -- 2.13 On the OSG Model -- Appendix -- A.2.1 Proving Theorem 2.4.1 -- A.2.2 The General OSG Model in Discrete Time -- 3 Traditional Growth Theories and the OSG Model -- 3.1 The Harrod-Domar Model -- 3.2 The Solow Model and the OSG Model -- 3.3 The Life Cycle Hypothesis and the Generalized Keynesian Consumption Function in the OSG Model -…