Economic growth requires factor reallocation across firms and continuous replacement of technologies. Labor market institutions influence economic dynamism by their impact on the supply of a key factor, skilled workers to new and expanding firms, and the shedding of workers from declining and...

The World Economy brings together two reference works by Angus Maddison: The World Economy: A Millennial Perspective, first published in 2001 and The World Economy: Historical Statistics, published in 2003. This new edition contains Statlinks, a service providing access to the underlying data in...

Following his The World Economy: a Millennial Perspective, Angus Maddison here offers a rare insight into the history and political influence of national accounts and national accounting. He demonstrates that such statistical data can shed light on the analysis of economic phenomena such as...

This book is unique in its depth of perspective. It uses a comparative approach to explain why China’s role in the world economy has changed so dramatically in the last thousand years. It concludes that China is likely to resume its natural role as the world’s largest economy by the year...

The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries. It uses a comparative approach to explain why China’s role in the world economy has...

The rapidly increasing importance of China, India, Indonesia, Japan, South Korea and Taiwan both in Asia and in the world economy, represents a trend that is set to continue into the 21st century. This book provides an authoritative assessment of the 20th century performance of these countries,...

1. The Challenge -- 2. Theories of Growth, Innovation, and Entrepreneurship -- 3. Promoting Entrepreneurship and Innovation—The Institutional Framework -- 4. Policies to Stimulate Innovation and Entrepreneurship -- 5. Tax Policy to Stimulate Innovation and Entrepreneurship -- 6. Conclusions: A...