Controversies in macroeconomics: growth, trade and policy

Preface / William D. Nordhaus

Introduction / Huw D. Dixon

Pt. 1. On the Convergence and Divergence of Growth Rates

Introduction / Steven N. Durlauf

1. Classical Approach to Convergence Analysis / Xavier X. Sala-i-Martin

2. Technology and Convergence / Andrew B. Bernard and Charles I. Jones

3. Twin Peaks: Growth and Convergence in Models of Distribution Dynamics / Danny T. Quah

4. Convergence? Inference from Theoretical Models / Oded Galor

Pt. 2. Trade Liberalisation and Growth

Introduction / Huw D. Dixon

5. Why Trade Liberalisation Is Good for Growth / Anne O. Krueger

6. Trade Liberalisation in Developing Economies: Modest Benefits but Problems with Productivity Growth, Macro Prices, and Income Distribution / Jose A. Ocampo and Lance Taylor

7. Trade Reform, Adjustment and Growth: What Does the Evidence Tell Us? / David Greenaway, Wyn Morgan and Peter Wright

Pt. 3. Regionalism versus Multilateralism

Introduction / Sajal Lahiri

8. Trading Preferentially: Theory and Policy / Jagdish Bhagwati, David Greenaway and Arvind Panagariya

9. New Regionalism / Wilfred J. Ethier

10. Will Preferential Agreements Undermine the Multilateral Trading System? / Kyle Bagwell and Robert W. Staiger

Pt. 4. Finance and Development

Introduction / Huw D. Dixon

11. In Favour of Financial Liberalisation / Maxwell J. Fry

12. Financial Liberalisation, Stockmarkets and Economic Development / Ajit Singh

13. Financial Development and Economic Growth: Assessing the Evidence / Philip Arestis and Panicos Demetriades

Pt. 5. Economics and the Measurement of Happiness

Introduction / Huw D. Dixon

14. Happiness and Economic Performance / Andrew J. Oswald

15. Frame of Reference as a Public Good / Robert H. Frank

16. Case for Happiness, Cardinalism, and Interpersonal Comparability / Yew-Kwang Ng

17. Traditional Productivity Estimates are Asleep at the (Technological) Switch / William D. Nordhaus

Pt. 6. Economists, the Welfare State and Growth: The Case of Sweden

Introduction / Huw D. Dixon

18. Eurosclerosis and the Sclerosis of Objectivity: On the Role of Values among Economic Policy Experts / Walter Korpi

19. Sweden's Relative Economic Performance: Legging Behind or Staying on Top? / Magnus Henreksen

20. Why Sweden's Welfare State Needed Reform / Jonas Agell

21. Swedish Economic Performance and Swedish Economic Debate: A View from Outside / Steve Dowrick.