Capital Accumulation and Economic Growth in a Small Open Economy

AvStephen J. Turnovsky

Inbunden, Engelska, 2009

Del i serien The CICSE Lectures in Growth and Development

1 513 kr

Beställningsvara. Skickas inom 7-10 vardagar. Fri frakt över 249 kr.

Fler format och utgåvor

Häftad

477 kr

Beskrivning

Economic growth is an issue of primary concern to policy makers in both developed and developing economies. As a consequence, growth theory has long occupied a central role in economics. In this book, renowned growth theorist Stephen J. Turnovsky investigates the process of economic growth in a small open economy, showing that it is sensitive to the productive structure of the economy. The book comprises three parts, beginning with models where the only intertemporally viable equilibrium is one in which the economy is always on its balanced growth path. Empirical evidence suggests relatively slow speeds of convergence so the second part of the book looks at several alternative ways in which transitional dynamics may be introduced. In the third and final part, the author applies the growth model to the issue of foreign aid, focusing specifically on whether aid should be untied or tied to the accumulation of public capital.

Produktinformation

Utgivningsdatum:2009-08-20
Mått:152 x 229 x 17 mm
Vikt:540 g
Format:Inbunden
Språk:Engelska
Serie:The CICSE Lectures in Growth and Development
Antal sidor:254
Förlag:Cambridge University Press
ISBN:9780521764759

Utforska kategorier

Mikroekonomi inom Ekonomi och Ledarskap

Mer om författaren

Stephen J. Turnovsky is Castor Professor of Economics, University of Washington. He is a fellow of the Econometric Society and a past president of the Society of Economic Dynamics and Control, of the International Economics and Finance Society, and of the Society for Computational Economics.

Recensioner i media

Review of the hardback: 'The literature on economic growth has produced a number of models to explain the determinants of the long-run rate of growth. Turnovsky provides an excellent survey of these models, with an emphasis on the implications of the various models for the long-run effects of fiscal policies in a small open economy. This book is an important contribution to the understanding of the dynamic effects of macroeconomic policy by one of the leaders in the field.' Eric Bond, Vanderbilt University

Innehållsförteckning

List of figures; List of tables; Preface; 1. Introduction and brief overview; Part I. Models of Balanced Growth: 2. Basic growth model with fixed labor supply; 3. Basic growth model with endogenous labor supply; Part II. Transitional Dynamics and Long-run Growth: 4. Transitional dynamics and endogenous growth in one-sector models; 5. Two-sector growth models; 6. Non-scale growth models; Part III. FOREIGN AID, CAPITAL ACCUMULATION and ECONOMIC GROWTH: 7. Basic model of foreign aid; 8. Foreign aid, capital accumulation, and economic growth: some extensions; References; Index.