New growth theory

New growth theory attempts to explain the process of long-run economic growth through endogenous forces such as human capital, knowledge spillover and information technology. This book offers an up-to-date critical review of the most important economic issues in new growth theory and discusses its empirical evidence, optimality and usefulness in national policy making. New Growth Theory will be invaluable to graduate students and scholars of macroeconomics and researchers in growth theory and economic development.