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Economic growth theory; capital, knowledge, and economic structures.


Economic growth theory; capital, knowledge, and economic structures.

Zhang, Wei-Bin.

Ashgate Publishing Co.


462 pages




Zhang (Ritsumeikan Asia Pacific U., Japan) seeks to conceptually integrate and simplify a variety of well-established theories of economic growth. His compact framework for understanding economic growth in a single national economy attempts to account for the dynamics of capital accumulation, technical progress, and population dynamics. The approach also treats knowledge creation and diffusion, human capital accumulation and education, institutions, monopoly, population growth, and cultural communications as endogenous processes of economic evolution. In presenting his model, Zhang combines computer simulation for illustrating time-dependent paths of dynamic systems and mathematical (analytical) methods for deriving basic qualitative processes of models such as existence, uniqueness, and stability of equilibrium points.

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Publication:Reference & Research Book News
Article Type:Book Review
Date:Feb 1, 2006
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