Since the 1950s, economic growth rates in industrialized countries have declined. Whereas the per capita growth rate of gross domestic product in industrial countries was 3.7 in the 1950s ind 4.2 in the 1960s, the growth rate came down to 3.0 in the 1970s and to 2.1 in the 1980s (Table 1). This picture of declining growth rates is even stronger when the growth rate is not expressed on a per cap...

In the mid-1980s the attention of economists has been directed again to problems of economic growth. Traditional Solovian growth theory based on the important role of investment has been implied a convergence of economies of different levels of development. But exactly this was unobservable in reality; on the contrary: differences between highly developed countries and those of the so-called th...

STUDY OBJECTIVE To examine time trends in socioeconomic and regional inequalities in under 5 mortality in Indonesia during almost two decades of economic growth. DESIGN Under 5 mortality was calculated for the total population and for subgroups by maternal education, household wealth, rural/urban residence, and island group, using the 1987, 1991, 1994, and 1997 Indonesian Demographic and Heal...

The economic development of a nation or a region depends to a considerable extent on a highly educated and skilled workforce. This includes an appropriate supply of University graduates. The motivations of students to enter higher education are potentially many and various. However financial factors are known to be of considerable importance, particularly in subjects such as economics and busin...

The most important factor for economic development of a country is its industrialization. In the process of industrialization, emphasis is given to the three major groups of industries; large-scale industries, small-scale industries and cottage industries. We propose to study in this paper the problems and prospects of small-scale and cottage industries in Uttar Pradesh, where large and medium ...

Robert Solow received the 1987 Nobel Prize in economics for developing the leading model of economic growth. The model is based on the premise that cross-country differences in income per person are the result (primarily) of differences in national savings rates (savings finances increases in the capital stock). We illustrate its properties and show how it can be used as a tool for exploring th...

It is great to come back to NYU Law and especially fitting to be discussing business tax reform with all of you. Nearly a decade ago I co-taught the tax colloquium with Dan Shaviro. I am not sure how much anyone learned from me but I learned a huge amount from the NYU community and Dan in particular. And that learning continued in my close partnership with David Kamin for several years in the W...

Perhaps the most remarkable fact about economic growth in recent decades is the slowdown in productivity growth that occurred around the year 2000. This slowdown is global in nature, featuring in many countries throughout the world. In this discussion, I summarize some important characteristics of the slowdown and consider recent insights from the growth literature on its possible causes.

In 1990, in an attempt to deal with the devastating impact the collapse of the Soviet bloc inflicted on the Cuban economy, Cuban authorities announced the start of “the special period in time of peace,” an economic adjustment program. The following year the Fourth Communist Party Congress ratified the program and spelled out its main components: (a) a food (Plan Alimentario) and energy import s...