Economic Growth and Development

“This textbook summarizes several decades of research on macroeconomics of development – or, at least, a large part of it. … Detailed exposition, questions for review and end-of-chapter exercises, and an extensive bibliography make this textbook an excellent learning and reference source for those working or aspiring to work in these institutions or for the national governments and think tanks.” (Nigar Hashimzade, Mathematical Reviews, June, 2017)

• Overview.- Part I. Introduction to Economic Growth.- Neoclassical Growth Theory.- Extensions to Neoclassical Growth Theory.- Two Sector.- Growth Models.- Part II. Dual Economies.- Wage and Fertility Gaps in Dual Economies.- Physical Capital in Dual Economies.- A Complete Dual.- Economy.- Urbanization.- Conclusion.