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Economic Adjustment And Growth: Theory And Practice (Hardcover)
Loot Price: R3,429
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Economic Adjustment And Growth: Theory And Practice (Hardcover)
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This book focuses on conceptualizing the process of economic
adjustment and growth, and testing it with empirical methods. The
critical components of a successful economic growth strategy
include physical, financial, and educational infrastructures
supported by macro-financial stabilization policies and structural
reforms. With this in mind, the authors begin with a review of the
neoclassical growth model, before delving into more specialized
topics such as endogenous growth, adaptive inflationary
expectations, learning by doing, optimal saving, and sustainable
foreign debt. The final chapter presents Philippines as a case
study, and narrates the evolution of a successful strategy of
adjustment and growth practiced by an emerging market economy that
had shown stellar pre-pandemic growth performance, low and stable
inflation, and a sustainable external current account position.
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