The balance of the world economy is shifting away from the established economies of Europe, Japan, and the USA, towards the emerging economies of Asia, especially India and China. With contributions from some of the world's leading growth theorists, this book analyses the long-term process of structural change and productivity growth across the world from a unique comparative perspective. Ongoing research from the World KLEMS Initiative is used to comparatively study new sources of growth - including the role of investment in intangible assets, human capital, technology catch-up, and trade in global value chains. This book provides comparisons of industries and economies that are key to analysing the impacts of international trade and investment. This makes it an ideal read for academics and students interested in understanding current patterns of economic growth. It will also be of value to professionals with an interest in the drivers of economic growth and crisis.

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Yes, you can access The World Economy by Dale W. Jorgenson,Kyoji Fukao,Marcel P. Timmer in PDF and/or ePUB format, as well as other popular books in Economics & Development Economics. We have over one million books available in our catalogue for you to explore.

Information

Publisher

Cambridge University Press

Year

2016

ISBN

9781316667224

Topic

Economics

Subtopic

Development Economics

Index

Economics

Cover
Half-title page
Title page
Copyright page
Contents
List of Figures
List of Tables
List of Contributors
1 The new world order
2 US economic growth – retrospect and prospect: lessons from a prototype industry-level production account for the US, 1947–2012
3 The structural causes of Japan’s Lost Decades
4 Productivity growth in Europe before and since the 2008/2009 economic and financial crisis
5 LA-KLEMS: economic growth and productivity in Latin America
6 On China’s strategic move for a new stage of development – a productivity perspective
7 Productivity growth in India under different policy regimes
8 Is mining fuelling long-run growth in Russia? Industry productivity growth trends in 1995–2012
9 Intangibles, ICT and industry productivity growth: evidence from the EU
10 Do intangibles contribute to productivity growth in East Asian countries? Evidence from Japan and Korea
11 BEA/BLS industry-level production account for the US: integrated sources of growth, intangible capital, and the US recovery
12 Measuring human capital: country experiences and international initiatives
13 A half century of Trans-Pacific competition: price level indices and productivity gaps for Japanese and US industries, 1955–2012
14 Searching for convergence and its causes – an industry perspective
15 The rise of global manufacturing value chains: a new perspective based on the World Input–Output Database
Index