Comprising specially commissioned essays, the Handbook provides a comprehensive overview of alternative theories of economic growth. It surveys major sub-fields (including classical, Kaleckian, evolutionary, and Kaldorian growth theories) and highlights cutting-edge issues such as the...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>East Asia's newly industrializing economies are the paragon of successful industrialization. This article investigates what lies behind this success by identifying seven ‘stylized facts’, which concern the contributions to industrialization and growth of...</p>

How open should a developing country's agriculture be to the world economy? What are the medium-term effects for growth and income distribution of "close" integration with world agricultural markets through trade liberalisation and domestic reform? And what are the implications of the...

Real wage growth restraint is generally regarded as a necessary condition for sustained gross domestic product growth and lower unemployment in the Organization for Economic Cooperation and Development (OECD). We use a general Keynesian growth model, allowing demand growth to be wage led or...

Two contrasting views on agriculture's role in India's longer-term development strategy are identified and evaluated with the help of a dynamic multisector model, capturing the structural features of India's mixed economy. The simulation results show that policy recommendations favoring...