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.
General
Imprint: |
Cambridge UniversityPress
|
Country of origin: |
United Kingdom |
Series: |
The CICSE Lectures in Growth and Development |
Release date: |
August 2009 |
First published: |
August 2009 |
Authors: |
Stephen J. Turnovsky
|
Dimensions: |
229 x 152 x 17mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
254 |
Edition: |
New |
ISBN-13: |
978-0-521-76475-9 |
Categories: |
Books >
Business & Economics >
Economics >
Development economics
|
LSN: |
0-521-76475-0 |
Barcode: |
9780521764759 |
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