Economic Growth

Edited by Philip Arestis, University Director of Research, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge and Fellow, Wolfson College, UK, Michelle Baddeley, University of Technology Sydney, Australia and John S.L. McCombie, Professor of Regional and Applied Economics and Director, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge and Fellow of Downing College, Cambridge, UK

• Contents:1. Introduction Philip Arestis, Michelle Baddeley and John S.L. McCombie 2. Is Growth Theory a Real Subject? Franklin M. Fisher3. What is Endogenous Growth Theory? Mark Roberts and Mark Setterfield4. Is the Natural Rate of Growth Exogenous? Miguel Leon-Ledesma and A.P. Thirlwall5. The Representative Firm and Increasing Returns: Then and Now Stephanie Blankenberg and G.C. Harcourt6. A Dynamic Framework for Keynesian Theories of the Business Cycle and GrowthPedro Leão7. A Keynesian Model of Unemployment and Growth: TheoryJohn Cornwall8. A Keynesian Model of Unemployment and Growth: An Empirical TestWendy Cornwall9. The Relevance of the Cambridge–Cambridge Controversies in Capital Theory for Econometric Practice G.C. Harcourt10. Foreign Direct Investment and Productivity Spillovers: A Sceptical Analysis of Some OECD EconomiesCarlos Rodríguez, Carmen Gomez and Jesus Ferreiro 11. Increasing Returns and the Distribution of Manufacturing Productivity in the EU RegionsBernard Fingleton and Enrique López-Bazo12. The Role of Wage-Setting in a Growth Strategy for EuropeAndrew Watt13. Economic Growth and Beta-Convergence in the East European Transition EconomiesNigel F.B. Allington and John S.L. McCombie14. Knowledge Externalities and Growth in Peripheral RegionsFabiana Santos, Marco Crocco and Frederico Jayme Jr15. Knowledge, Human Capital and Foreign Direct Investment in Developing Countries: Recent Trends from an Endogenous Growth Theory PerspectiveDiana V. Barrowclough16. Is Growth Alone Sufficient to Reduce Poverty? In Search of the Trickle Down Effect in Rural IndiaSantonu Basu and Sushanta Mallick17. Strategy for Economic Growth in Brazil: A Post Keynesian ApproachJosé L. Oreiro and Luiz-Fernando de PaulaIndex

‘Economic Growth is an enlightening and significant new volume providing a useful analysis of the many facts of economic growth and pointing the way toward policy correction. The volume will be an essential read for those interested in economic theory and economic policy-making, as well as students and scholars of macroeconomics and finance.'