{"title":"Willi Semmler","description":"\u003cp\u003eWilli Semmler's works delve into the complexities of economic theory and growth, offering insightful analysis grounded in rigorous research. Readers can expect thoughtful explorations suitable for those interested in economic development, policy, and the forces shaping global economies.\u003c\/p\u003e\n\n\u003cp\u003eRooted firmly in \u003cem\u003eEducation \u0026amp; Reference\u003c\/em\u003e, Semmler's books provide valuable perspectives for students, academics, and professionals seeking to deepen their understanding of economic dynamics and growth factors. His clear yet detailed approach makes challenging concepts accessible without sacrificing depth.\u003c\/p\u003e","products":[{"product_id":"the-forces-of-economic-growth-by-willi-semmler-9780691170961","title":"The Forces of Economic Growth","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eIn economics, the emergence of New Growth Theory in recent decades has directed attention to an old and important problem: what are the forces of economic growth and how can public policy enhance them? This book examines major forces of growth—including spillover effects and externalities, education and formation of human capital, knowledge creation through deliberate research efforts, and public infrastructure investment.\u003c\/p\u003e\n\n\u003cp\u003eUnique in emphasising the importance of different forces for particular stages of development, it offers wide-ranging policy implications in the process. The authors critically examine recently developed endogenous growth models, study the dynamic implications of modified models, and test the models empirically with modern time series methods that avoid the perils of heterogeneity in cross-country studies.\u003c\/p\u003e\n\n\u003cp\u003eTheir empirical analyses, undertaken with newly constructed time series data for the United States and some core countries of the Euro zone, show that models containing scale effects, such as the R\u0026amp;D model and the human capital model, are compatible with time series evidence only after considerable modifications and nonlinearities are introduced. They also explore the relationship between growth and inequality, with particular focus on technological change and income disparity.\u003c\/p\u003e\n\n\u003cp\u003e\u003cem\u003eThe Forces of Economic Growth\u003c\/em\u003e represents a comprehensive and up-to-date empirical time series perspective on the New Growth Theory.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Hachette Aotearoa New Zealand","offers":[{"title":"Default Title","offer_id":47599438233836,"sku":"9780691170961","price":104.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/b626f00ae0f49c6a539b6f7e2182b565.jpg?v=1778023080"}],"url":"https:\/\/bookhero.co.nz\/collections\/willi-semmler.oembed","provider":"Book Hero","version":"1.0","type":"link"}