Economic Growth

Theory, Empirics and Policy

Benigno Valdés, Professor of Economics, Universidad Pontificia Comillas ICAI-ICADE, Spain

Economic Growth is an advanced undergraduate text written specifically for one semester courses in growth theory and for first year graduate students to refresh their knowledge. It will also be of great use for scholars and professional economists as the text contains many references to practical policy issues. The author condenses the fundamental issues of growth theory and covers the new ideas in a highly entertaining text, written in a clear and accessible style.

‘Valdés gets the subject across very clearly, with neat original touches. He covers the main topics very well, again with interesting variations. Along the way he teaches a good attitude towards economic theory. I think this will be an excellent text.’
– Robert M. Solow, Massachusetts Institute of Technology, US and Nobel Prize Winner

‘This would be an excellent book for an advanced undergraduate course on growth theory. Using both theory and empirical evidence it outlines the key topics in a clean and unified way.’
– Timothy J. Kehoe, University of Minnesota, US

‘Benigno Valdés has written a wonderful text on modern growth theory. Because of his sense of humor, restrained use of formal mathematics, and emphasis on connecting growth theory to empirical facts and policy implications, this book will be a highly useful textbook for sophisticated undergraduates and graduate students. They will be challenged by the problems ending most chapters. . . . Professional economists who have not yet studied recent developments in growth theory will find in Professor Valdés’s book a comprehensive and accessible survey of contemporary growth models and a useful discussion of convergence trends and growth accounting. A highly recommended read.’
– Richard W. England, University of New Hampshire, US