Economic growth and development [electronic resource] / edited by Olivier de La Grandville.

ch. 1. How growth can undermine growth : three examples / Kenneth J. Arrow -- ch. 2. Commodity price volatility, democracy, and economic growth / Rabah Arezki, Thorvaldur Gylfason -- ch. 3. Growth, colonization, and institutional development : in and out of Africa / Graziella Bertocchi -- ch. 4. On the relation between investment and economic growth : new cross-country empirical evidence / Michael Binder, Susanne Bröck -- ch. 5. Vintage capital growth theory : three breakthroughs / Raouf Boucekkine, David de la Croix, Omar Licandro -- ch. 6. Adaptive economizing, creativity, and multiple-phase evolution / Richard H. Day -- ch. 7. An explicit nonstationary stochastic growth model / Robert Feicht, Wolfgang Stummer -- ch. 8. Growth volatility and the structure of the economy / Davide Fiaschi, Andrea Mario Lavezzi -- ch. 9. Stability of growth models with generalized lag structures / Donald A.R. George -- ch. 10. On the track of the world's economic center of gravity / Jean-Marie Grether, Nicole Andréa Mathys -- ch. 11. Homothetic multisector growth models / Bjarne S. Jensen, Ulla Lehmijoki -- ch. 12. Medium-term growth : the role of policies and institutions / Michal Jerzmanowski, David Cuberes -- ch. 13. Modeling parameter heterogeneity in cross-country regression models / Andros Kourtellos -- ch. 14. How much should a nation save? : a new answer / Olivier de La Grandville -- ch. 15. Aggregation, the skill premium, and the two-level production function / Miguel A. León-Ledesma, Peter McAdam, Alpo Willman -- ch. 16. Factor substitution and biased technology with balanced growth / Miguel A. León-Ledesma, Mathan Satchi -- ch. 17. Illegal immigration, factor substitution, and economic growth / Theodore Palivos, Jianpo Xue, Chong K. Yip -- ch. 18. Investment, technical progress, and the consequences of the global economic crisis / John Pawley, Ernst Juerg Weber -- ch. 19. Market power, growth, and unemployment / Pietro F. Peretto -- ch. 20. Optimal abatement investment and environmental policies under pollution uncertainty / Enrico Saltari, Giuseppe Travaglini -- ch. 21. Robotics and growth / Erling Steigum -- ch. 22. Government and growth : friend or foe? / Milad Zarin-Nejadan.

Since the very beginnings of economics as a science, which might be dated from Ibn Khalduns Introduction to History (1377), the challenge of making societies escape from poverty and attain some degree of prosperity has always been, and will remain, a fundamental issue. It was and it is still recognized today that this central venture is multi-faceted. Inasmuch as investment and technical progress are central in the growth and development process, many other dimensions must be taken into consideration, such as institutions, the openness of the economy, the protection of the environment. This book will presents cutting edge research on each of these issues and is features a preface from Ken Arrow.