Growth / Productivity / Unemployment
- Peter Diamond() (Massachusetts Institute of Technology)
Robert Solow received the Nobel Prize in economics in 1987, and his contributions to growth theory, productivity, and short run macroeconomics have influenced an entire generation of scholars. The essays in this book extend and elaborate on many of the important ideas Solow has either originated or developed in the past three decades. Frank Hahn and Avinash Dixit offer useful surveys of the growth literature. Hahn reflects on specific problems in standard growth models, while Dixit presents a chronological review of research developments. Robert Hall and Lawrence Summers present challenging empirical findings. Hall shows that the Solow productivity residual is in fact correlated with variables which, according to Solow's assumptions, it should not be correlated with. Summers uses multi-country data to investigate the apparent divergence between private and social rates of return to capital. He argues that this phenomenon stems from the dependence of the rate of technical progress on the rate of capital formation and discusses the policy implications of this idea. Olivier Jean Blanchard and Peter Diamond describe a search-matching model that is a welcome addition to understanding the Beveridge curve. Also included are comments by Eytan Shoshinski, Joseph Stiglitz, Martin Baily, William Nordhaus, George Aherlot, and Robert Gorden. Robert Solow has provided a response to both the essays and these comments. The book concludes with a bibliography of Solow's work.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
When requesting a correction, please mention this item's handle: RePEc:mtp:titles:0262041103. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kristin Waites)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.