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Solutions Manual for Introduction to Modern Economic Growth Michael Peters, Alp Simsek
Publisher: Princeton University Press

This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. INTRODUCTION TO MODERN ECONOMIC GROWTH. Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Economists have long observed that a society can choose to defer consuming some of its output and instead invest this amount for the future, which will accelerate the society's rate of economic growth. Daron Acemoglu's new textbook on economic growth concludes at Chapter 24 with a discussion of 'what we have learned', some answers to what he dubs 'the central questions', and a quick overview of 'some of the many remaining questions' faced by researchers. Term coined by economists in the 1970s to describe the previously unprecedented combination of slow economic growth and high unemployment (stagnation) with rising prices (inflation). The treatment "Aghion and Howitt have produced a very important and thoughtful book which presents questions, models and answers in a clear and constructive manner. Daron Acemoglu gives value for money as its paperback. For Professors only: To access a complete solutions manual online, email us at: acemoglusolutions@press.princeton.edu. This solutions manual is a valuable companion volume to the classic textbook Recursive Methods in Economic Dynamics by Nancy L. On page 1068 Similarly, the previously-prosperous plantation economies in the Caribbean had no interest in introducing new technologies and allowing free entry by entrepreneurs.