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• Foreword
• Contents
• Introduction
• The Purpose & Scope of this Study
• Which Criteria Can We Use as a Comparison?
• Chapter 1: Growth Process Worldwide
• All About Growth
• “Savings = Investment” Paradox
• On Added-value Criterion
• The Relationship Between the Laborer – Technological Progress & Growth
• What Role Does Investment Play in Regard to Technology and Long-run Growth
• Access to and the Use of Technology
• Laborer, Knowledge & Growth
• Qualified Labor or “Human Capital”
• Creative Labor and Growth
• Unqualified Labor
• Technological Progress & the Global Economy
• Is it possible to Measure the “Qualification Level of the Laborer” Accurately?
• Other Factors Having an Impact on Growth
• The Institutional and Cultural Infrastructure
• Competitive Conditions
• Economic and Political Stability
• Financing the Investments
• Natural Resources
• Chapter 2: Basic Concepts Related to Growth
• Productivity- (Productivity) Growth – Qualified Laborer – Technological Progress
• Productivity (V)
• Measuring Productivity: a Static Analysis
• The Quantitative Analysis
• Measuring Qualitative Differences
• Value Analysis of “Productivity”
• An Alternative Value Measurement
• Optimum Productivity
• “(Productivity) Growth”
• Quantitative Productivity Growth
• Partial Factor Productivity Growth
• Added-value Based Productivity Growth
• Is a “Value” Criterion a Perfect Choice?
• “New Products” and Growth
• An Inter-Country Productivity Comparison
• Concluding Remarks
• Chapter 3: Growth Theories: Historical Perspective
• A. Smith
• Ricardo
• Marx
• Marshall
• Keynes
• Keynes’s Model
• The Characteristics of Keynes’ “Static” Model
• Harrod-Domar
• A summary of the Harrod-Domar model
• Schumpeter
• Overview
• Chapter 4: New Approaches to Growth Theory
• Neoclassical Growth Theory-1: Pre-Solow
• A Criticism of the Theory in Regard to Growth
• Neoclassical Growth Theory-2: Solow & After
• Estimation of TFP
• Criticism of Solow’s Model & the TFP Approach
• TFP & Long-run Growth
• Some TFP-related Data
• TFP and Growth in Turkey
• “Endogenous” Growth Models
• Lucas: the Mechanical Model of Growth
• The Institutional School
• P. Romer: An Endogenous Growth Theory
• R.J. Barro on Growth
• Aghion-Howitt: Creative Destruction
• Sectors and Production
• Grossman-Helpman: Foreign Trade and Growth
• G. Mankiw
• Middle-Income-Trap: End of Growth?
• In Conclusion
• Concluding Remarks for the Chapter
• Chapter 5: An Alternative Growth Model
• Introduction
• The Purpose
• “Productive” Factors & “Production” Factors or Inputs
• Productive Factors
• Factors (Inputs) of Production
• “Productive” Factors and Value-creation
• The Genesis of Growth
• Some Basic Assumptions
• An Attempt at an Alternative Growth Model
• Initial Case: A Simple “Stationary” Output, Exchange & Distribution Model
• A Simple “Short-run” Growth Model: 1
• Assuming Access to a “New” Market
• A Simple “Long-run” Growth Model: 2
• “New Markets” for the “New Product”
• Conlusions to be Drawn from the Simple Growth Models
• Limit of Short-run Growth
• Technological Innovations and Producers
• The Importance of Innovations
• Conclusions
• A Note on Labor, Innovation & Value-Price Theory
• Chapter 6: Short-run Growth in the Real Economy
• 1- Short-run Growth: A “Given” Technology
• 1-a) EE and/or TE growth
• 1-b) Extended Production for New Markets
• Eight Methods to Increase Short-run Growth
• Chapter 7: Long-run Groth in the Real Economy
• Technological (Macro) Productivity Growth
• a) A “Given” Product, but a “New” Production Method
• b) New Products
• Growth: Reconsidered – Both in the Short- & Long-run
• The Concrete Effects of Innovations
• Given Product – New Method of Production
• Technological Productivity Growth
• “Given” Product – “New” Production Process
• New Product
• New Product and Functional Income Distribution
• New Product, “Monopoly” and Profit Rate
• Innovations, Growth and Price
• A “Given Product” but a “New Production Process
• “New” Product and “New” Price
• Other Factors Influencing Price Level
• Technology Transfer & Long-run Growth
• Measures to be Taken
• Major Costs of Technology Transfer Through FDIs
• Conclusion
• Chapter 8: Growth & The Service Sector
• “Productivity” & “Productivity Growth” in the Services Sector
• “Productivity “in the Services Sector
• “Productivity Growth” in the Services Sector
• “New” Types of Services and Long-run Growth
• Competition in the Services Sector
• Global (International) Trade in the Services Sector
• Chapter 9: Growth & Income Distribution
• Functional Income Distribution
• An Ideal Income Distribution
• Pareto Optimum
• Optimum Functional Income Distribution and Growth
• Initial Case: Functional Income Distribution: with a “Given” Technology
• 1- “Efficiency Growth” & Income Distribution
• 2- “Innovation” & Income Distribution
• Wage Rise in the Long-run & its Impact on Income Distribution
• Technological Imperfections & Global Income Distribution
• “Technology-intensive” & “Labor-intensive” Methods of Production
• Concluding Remarks
• Chapter 10: Growth or Development
• Growth
• Development
• Elements of the Development Theory
• Development Economics
• Chapter 11: Epilogue & a Suggestion
• Developed Countries & Long-run Growth
• LDCs & Long-run Growth
• Producing New Technologies
• More Efficient Use of Technologies
• Efficient Use of Political, Institutional & Cultural Framework
• A Suggestion to Boost Global Cempetition
• Firms that “Only Produce Technology”
• Suggestions for “Fairer” Income Distribution & Increased Democracy at Work
• Is “Unlimited Growth” Desirable?
• Bibliography