Skip to main content
SpringerLink
Log in
Book cover

Economic Growth pp 193–206Cite as

Palgrave Macmillan

neoclassical growth theory (new perspectives)

  • Chapter

  • 1352 Accesses

Part of the book series: The New Palgrave Economics Collection ((NPHE))

Abstract

This article complements neoclassical growth theory. It discusses some developments of the neoclassical growth theory that endogenize the saving rates.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   54.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Bibliography

  • Azariadis, C. 1993. Intertemporal Macroeconomics. Cambridge: Blackwell Publishers.

    Google Scholar 

  • Barro, R.J. and Becker, G.S. 1989. Fertility choice in a model of economic growth. Econometrica 57, 481–501.

    Article  Google Scholar 

  • Becker, G.S. and Barro, R.J. 1988. A reformulation of the economic theory of fertility. Quarterly Journal of Economics 103, 1–25.

    Article  Google Scholar 

  • Ben Porath, Y. 1967. The production of human capital and the life cycle of earnings. Journal of Political Economy 75, 352–65.

    Article  Google Scholar 

  • Bils, M. and Klenow, P. 2000. Does schooling cause growth? American Economic Review 90, 1160–83.

    Article  Google Scholar 

  • Boldrin, M. and Jones, L.E. 2005. Fertility and social security. Staff Report No. 359, Federal Reserve Bank of Minneapolis.

    Book  Google Scholar 

  • Boldrin, M. and Montrucchio, L. 1986. On the indeterminacy of capital accumulation paths. Journal of Economic Theory 40, 26–39.

    Article  Google Scholar 

  • Brock, W.A. and Mirman, L.J. 1972. Optimal economic growth and uncertainty. Journal of Economic Theory 4, 479–513.

    Article  Google Scholar 

  • Burmeister, E. 1980. Capital Theory and Dynamics. Cambridge: Cambridge University Press.

    Google Scholar 

  • Cass, D. 1965. Optimum growth in an aggregative model of capital accumulation. Review of Economic Studies 32, 233–40.

    Article  Google Scholar 

  • Chamley, C. 1986. Optimal taxation of capital income in general equilibrium with infinite lifetimes. Econometrica 54, 607–22.

    Article  Google Scholar 

  • Cooley, T.F. 1995. Frontiers of Business Cycle Research. Princeton: Princeton University Press.

    Google Scholar 

  • Correia, I. 1996. Should capital be taxed in the steady state? Journal of Public Economics 60, 147–51.

    Article  Google Scholar 

  • Debreu, G. 1954. Valuation equilibrium and Pareto optimum. Proceedings of the National Academy of Sciences 40, 588–92.

    Article  Google Scholar 

  • Debreu, G. 1959. The Theory of Value. New Haven and London: Yale University Press.

    Google Scholar 

  • Diamond, P.A. 1965. National debt in a neoclassical growth model. American Economic Review 55, 1126–50.

    Google Scholar 

  • Doepke, M. 2005. Child mortality and fertility decline: does the Barro-Becker model fit the facts? Journal of Population Economics 18, 337–66.

    Article  Google Scholar 

  • Donaldson, J.B. and Mehra, R. 1983. Stochastic growth with correlated production shocks. Journal of Economic Theory 29, 282–312.

    Article  Google Scholar 

  • Fischer, S. 1979. Capital accumulation on the transition path in a monetary optimizing model. Econometrica 47, 1433–39.

    Article  Google Scholar 

  • Friedman, M. 1969. The optimum supply of money. In The Optimum Supply of Money and Other Essays, ed. M. Friedman. Chicago: Aldine.

    Google Scholar 

  • Jones, L.E., Manuelli, R.E. and Rossi, P.E. 1997. On the optimal taxation of capital income. Journal of Economic Theory 73, 93–117.

    Article  Google Scholar 

  • Jones, L.E., Manuelli, R.E. and Siu, H. 2005. Fluctuations in convex models of endogenous growth II: business cycle properties. Review of Economic Dynamics 8, 805–28.

    Article  Google Scholar 

  • Judd, K.J. 1985. Redistributive taxation in a perfect foresight model. Journal of Public Economics 28, 59–84.

    Article  Google Scholar 

  • Klenow, P. and Rodriguez-Clare, A. 1997. The neoclassical revival in growth economics: has it gone too far? In Macroeconomics Annual 1997, ed. B. Bernanke and J. Rotenberg. Cambridge, MA: MIT Press.

    Google Scholar 

  • Koopmans, T.J. 1965. On the concept of optimal economic growth. In The Econometric Approach to Development Planning, Chicago: Rand McNally.

    Google Scholar 

  • Manuelli, R.E. and Seshadri, A. 2007a. Human capital and the wealth of nations. Working paper, University of Wisconsin.

    Google Scholar 

  • Manuelli, R.E. and Seshadri, A. 2007b. Explaining international fertility differences. Working paper, University of Wisconsin.

    Google Scholar 

  • McKenzie, L.W. 1986. Optimal economic growth, Turnpike theorems and comparative dynamics. In Handbook of Mathematical Economics, vol. 3, ed. K.J. Arrow and M.D. Intriligator. Amsterdam: North-Holland.

    Google Scholar 

  • Prescott, E.J. and Mehra, R. 1980. Recursive competitive equilibrium: the case of homogeneous households. Econometrica 48, 1365–79.

    Article  Google Scholar 

  • Ramsey, F.P. 1928. A mathematical theory of saving. Economic Journal 28, 543–59.

    Article  Google Scholar 

  • Sidrauski, M. 1967. Inflation and economic growth. Journal of Political Economy 75, 796–810.

    Article  Google Scholar 

  • Stokey N.L. and Lucas, R.E. (with E.C. Prescott). 1989. Recursive Methods in Economic Dynamics. Cambridge, MA: Harvard University Press.

    Google Scholar 

  • Turnovsky, S.J. and Brock, W.A. 1980. Time consistency and optimal government policies in perfect Foresight equilibrium. Journal of Public Economics 13, 183–212.

    Article  Google Scholar 

Download references

Authors
  1. Rodolfo E. Manuelli
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. University of Wisconsin-Madison, USA

    Steven N. Durlauf

  2. Cornell University, USA

    Lawrence E. Blume

Copyright information

© 2010 Palgrave Macmillan, a division of Macmillan Publishers Limited

About this chapter

Cite this chapter

Manuelli, R.E. (2010). neoclassical growth theory (new perspectives). In: Durlauf, S.N., Blume, L.E. (eds) Economic Growth. The New Palgrave Economics Collection. Palgrave Macmillan, London. https://doi.org/10.1057/9780230280823_25

Download citation

Publish with us

Policies and ethics

Search

Navigation