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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.

The relentless decline in the prices of information technology (IT) has steadilyenhanced the role of IT investment as a source of economic growth in the United States. Productivitygrowth in IT-produci

New methodology for econometricians, based on the dual formulation of the theory ofproduction in terms of prices.

These two volumes present empirical studies that have permanently altered professional debates over investment and productivity as sources of postwar economic growth in industrialized countries. The d

This volume presents an approach to the evaluation of economic policies through the econometric modeling of aggregate consumer behavior. While the preferences of individual consumers are revealed by t

Hosted by Harvard Universitya (TM)s Kennedy School of Government, this symposium brought together leading technologists and economists to review technical challenges facing the semiconductor industry,

Studies of the relation between information technology and economic growthtrends.

The essays in this volume provide a comprehensive view of applications of the cost ofcapital. The cost of capital is the key concept in the analysis of taxation of business income. Itis also critical

The American economy has experienced renewed growth since 1995, with this surge rooted in the development and deployment of information technology (IT). This book traces the American growth resurgenc

Energy utilization, especially from fossil fuels, creates hidden costs in the form ofpollution and environmental damages. The costs are well documented but are hidden in the sense thatthey occur outsi

Since the Great Depression, researchers and statisticians have recognized the need for more extensive methods for measuring economic growth and sustainability. The recent recession renewed commitments