Controversies in Macroeconomics: Growth, Trade and Policy

Preface: William D. Nordhaus (Yale).

Acknowledgements.

Introduction: Huw David Dixon (York).

Part I: On the Convergence and Divergence of Growth Rates:.

Introduction: Steven N. Durlauf (Wisconsin-Madison).

1. The Classical Approach to Convergence Analysis: Xavier X. Sala-i-Martin (Universitat Pompeu Fabra).

2. Technology and Convergence: Andrew B. Bernard (MIT) and Charles I. Jones (Stanford).

3. Twin Peaks: Growth and Convergence in Models of Distribution Dynamics: Danny T. Quah (London School of Economics).

4. Convergence?Inferences from Theoretical Models: Oded Galor (Hebrew University).

Part II: Trade Liberalisation and Growth:.

Introduction: Huw David Dixon (York).

5. Why Trade Liberalisation Is Good for Growth: Anne O. Krueger (Stanford).

6. Trade Liberalisation in Developing Economies: Modest Benefits but Problems with Productivity Growth, Macro Prices, and Income Distribution: Jose Antonio Ocampo (Economic Commission for Latin America and the Caribbean) and Lance Taylor (New School University).

7. Trade Reform, Adjustment and Growth: What Does the Evidence Tell Us?: David Greenaway, Wyn Morgan and Peter Wright (all Nottingham).

Part III: Regionalism versus Multilateralism:.

Introduction: Sajal Lahiri (Essex).

8. Trading Preferentially: Theory and Policy: Jagdish Bhagwati (Columbia), David Greenaway (Nottingham) and Arvind Panagariya (Maryland).

9. The New Regionalism: Wilfred J. Ethier (Pennsylvania).

10. Will Preferential Agreements Undermine the Multilateral Trading System?: Kyle Bagwell (Columbia) and Robert W. Staiger (Wisconsin-Madison).

Part IV: Financial Liberalisation and Economic Development:.

Introduction: Huw David Dixon (York).

11. In Favour of Financial Liberalisation: Maxwell J. Fry (Birmingham).

12. Financial Liberalisation, Stockmarkets and Economic Development: Ajit Singh (Cambridge).

13. Financial Development and Economic Growth: Assessing the Evidence: Philip Arestis (East London) and Panicos Demetriades (Keele).

Part V: Economics and the Measurement of Happiness:.

Introduction: Huw David Dixon (York).

14. Happiness and Economic Performance: Andrew J. Oswald (Warwick).

15. The Frame of Reference as a Public Good: Robert H. Frank (Cornell).

16. A Case for Happiness, Cardinalism, and Interpersonal Comparability: Yew-Kwang Ng (Monash).

17. Traditional Productivity Estimates Are Asleep at the (Technological) Switch: William D. Nordhaus (Yale).

Part VI: Economists, the Welfare State and Growth: The Case of Sweden:.

Introduction : Huw David Dixon (York).

18. Eurosclerosis and the Sclerosis of Objectivity: On the Role of Values Among Economic Policy Experts: Walter Korpi (Stockholm).

19. Sweden's Relative Economic Performance: Lagging Behind or Staying on Top?: Magnus Henreksen (Industrial Institute for Economic and Social Research, Stockholm).

20. Why Sweden's Welfare State Needed Reform: Jonas Agell (Uppsala).

21. Swedish Economic Performance and Swedish Economic Debate: A View from Outside: Steve Dowrick (Australian National).

Index.