Highlights
New Chapter on Natural Resources
Chapter 9- "Natural Resources and Economic Growth"- is entirely new to the Second Edition and takes up the important question of the sustainability of economic growth given our reliance on natural resources.
Fully Updated
Because this text pays such close attention to the empirical side of economic growth, the incorporation of new data was central to the revision process. All of the figures, tables, applications, and exercises now use the latest available data.
Emphasis on Growth Accounting and the New Economy
The treatment of growth accounting in Chapter 2 has been updated to include a discussion of the New Economy and the productivity surge of the late 1990s.
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