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ECONOMIC GROWTH AND GLOBAL INEQUALITY IN LONG RUN PERSPECTIVE

机译:长期来看的经济增长和全球不平等

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The defining issue for economic science remains, as it was for Adam Smith, how best to explain "the wealth of nations." Although our understanding of why some peoples are rich and others poor remains highly incomplete, major advances have been made in just the last few years. Angus Maddison's new monograph, The World Economy is an important benchmark in the fast-growing interpretative literature on the nature of long-term economic growth and inequality between nations. During a career that spans four decades Maddison has published individual case studies of Brazil, China, Europe, India, Indonesia, Japan, Mexico, and Russia in addition to a widely-cited series of publications that summarize most of what we know about the empirical dimensions of long-term growth (Maddison, 1982, 1983, 1989, 1991, 1995, 1998). The new book contributes on an even grander scale to our knowledge of the empirical dimensions of economic change and to the ongoing interpretation and reinterpretation of the evidence. Maddison's premise is that before one can explain why economic growth has differed, one must have credible evidence of such differences. Reliable evidence about the extent and timing of growth rate differentials is therefore absolutely central to the historical debate―and Maddison has compiled the necessary evidence through a critical and discriminating collection of the most useful estimates of population and national income from scholars around the world. For example, his 1995 book Monitoring the World Economy reported estimates of GDP as early as 1820 for 30 countries. These data permitted, for the first time, a systematic analysis of comparative growth that combined the 19th and 20th centuries on a truly global scale. Now, in The World Economy, Maddison extends his own compilation and interpretation to take account of studies emerging from other research groups in order to update his data and reconsider his own interpretations. The new volume is both a documentation of the level of economic activity in past economies and a prolonged reflection on both the theory and experience of economic change.
机译:就像亚当·斯密(Adam Smith)一样,经济科学的决定性问题仍然是如何最好地解释“国家财富”。尽管我们对为什么有些人富裕而有些人贫穷的理解仍然高度不完整,但在最近几年中取得了重大进展。安格斯·麦迪逊(Angus Maddison)的新专着《世界经济》是快速增长的解释文学中一个重要基准,其解释了长期经济增长的性质和国家之间的不平等。在跨越四十年的职业生涯中,Madison出版了巴西,中国,欧洲,印度,印度尼西亚,日本,墨西哥和俄罗斯的个案研究报告,此外还广泛引用了一系列出版物,这些出版物总结了我们对实证研究的大部分了解。长期增长的维度(Maddison,1982,1983,1989,1991,1995,1998)。新书对我们对经济变化的经验层面的认识以及对证据的不断解释和重新解释做出了更大的贡献。麦迪逊的前提是,在人们能够解释为什么经济增长出现差异之前,必须先有可靠的证据证明这种差异。因此,关于增长率差异的程度和时机的可靠证据绝对是历史辩论的重点-麦迪逊通过对全球学者最重要的人口和国民收入最有用的估计进行了批判性和区分性收集,从而收集了必要的证据。例如,他在1995年出版的《监测世界经济》一书中报告了30个国家早在1820年的GDP估算。这些数据首次实现了对比较增长的系统分析,该分析在真正的全球范围内结合了19世纪和20世纪。现在,在《世界经济》杂志中,麦迪逊扩展了自己的编纂和解释方法,以考虑其他研究小组的研究成果,以更新其数据并重新考虑自己的解释方法。新书既是过去经济体经济活动水平的文献,也是对经济变化的理论和经验的长期反思。

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