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Capital Accumulation and Economic Growth in a Small Open Economy (Hardcover, New): Stephen J. Turnovsky Capital Accumulation and Economic Growth in a Small Open Economy (Hardcover, New)
Stephen J. Turnovsky
R3,111 Discovery Miles 31 110 Ships in 12 - 19 working days

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.

Advances in Economics and Econometrics - Theory and Applications, Eighth World Congress (Hardcover, Volume 2): Mathias... Advances in Economics and Econometrics - Theory and Applications, Eighth World Congress (Hardcover, Volume 2)
Mathias Dewatripont, Lars Peter Hansen, Stephen J. Turnovsky
R3,409 Discovery Miles 34 090 Ships in 12 - 19 working days

This is the second of three volumes containing edited versions of papers and commentaries presented in invited symposium sessions of the Eighth World Congress of the Econometric Society. The papers summarize and interpret recent key developments and discuss future directions in a wide range of topics in economics and econometrics. The papers cover both theory and applications. Written by leading specialists in their fields these volumes provide a unique survey of progress in the discipline.

Advances in Economics and Econometrics - Theory and Applications, Eighth World Congress (Hardcover, Volume 1): Mathias... Advances in Economics and Econometrics - Theory and Applications, Eighth World Congress (Hardcover, Volume 1)
Mathias Dewatripont, Lars Peter Hansen, Stephen J. Turnovsky
R3,411 Discovery Miles 34 110 Ships in 12 - 19 working days

These three volumes contain edited versions of papers and commentaries presented in invited symposium sessions of the Eighth World Congress of the Econometric Society. The papers summarize and interpret recent key developments and future directions in a wide range of topics in economics and econometrics. They cover theory and applications and provide a unique survey of progress in the discipline.

Advances in Economics and Econometrics - Theory and Applications, Eighth World Congress (Hardcover, Volume 3): Mathias... Advances in Economics and Econometrics - Theory and Applications, Eighth World Congress (Hardcover, Volume 3)
Mathias Dewatripont, Lars Peter Hansen, Stephen J. Turnovsky
R2,971 Discovery Miles 29 710 Ships in 12 - 19 working days

This is the third of three volumes containing edited versions of papers and commentaries presented in invited symposium sessions of the Eighth World Congress of the Econometric Society. The papers summarize and interpret recent key developments and discuss future directions in a wide range of topics in economics and econometrics. The papers cover both theory and applications. Written by leading specialists in their fields these volumes provide a unique survey of progress in the discipline.

Economic Growth and Macroeconomic Dynamics - Recent Developments in Economic Theory (Hardcover, New): Steve Dowrick, Rohan... Economic Growth and Macroeconomic Dynamics - Recent Developments in Economic Theory (Hardcover, New)
Steve Dowrick, Rohan Pitchford, Stephen J. Turnovsky
R2,844 Discovery Miles 28 440 Ships in 12 - 19 working days

The development of the endogenous growth model rekindled interest in growth theory. In contrast to the neo-classical model, long-run endogenous growth emerged as an equilibrium outcome, reflecting the behavior of optimizing agents in the economy. This book brings together a number of contributions in growth theory and macroeconomic dynamics, reflecting these recent developments and the ongoing debate over the relative merits of neo-classical and endogenous growth models. It focuses on the emergence of three important aspects: First, it develops growth models that extend the underlying theory in different directions. Second, it addresses one of the concerns of the recent literature on growth and dynamics: the statistical properties of underlying data and the effort to ensure that growth models are consistent with empirical evidence. Third, it discusses the increasingly international focus of macrodynamics and growth theory, an inevitable consequence of the integration of the world economy.

Capital Accumulation and Economic Growth in a Small Open Economy (Paperback): Stephen J. Turnovsky Capital Accumulation and Economic Growth in a Small Open Economy (Paperback)
Stephen J. Turnovsky
R1,027 Discovery Miles 10 270 Ships in 12 - 19 working days

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 2009 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.

Economic Growth and Macroeconomic Dynamics - Recent Developments in Economic Theory (Paperback): Steve Dowrick, Rohan... Economic Growth and Macroeconomic Dynamics - Recent Developments in Economic Theory (Paperback)
Steve Dowrick, Rohan Pitchford, Stephen J. Turnovsky
R1,038 Discovery Miles 10 380 Ships in 12 - 19 working days

The development of the endogenous growth model rekindled interest in growth theory. In contrast to the neo-classical model, long-run endogenous growth emerged as an equilibrium outcome, reflecting the behaviour of optimizing agents in the economy. This book brings together a number of contributions in growth theory and macroeconomic dynamics, reflecting these developments and the ongoing debate over the relative merits of neo-classical and endogenous growth models. It focuses on the emergence of three important aspects: First, it develops growth models that extend the underlying theory in different directions. Second, it addresses one of the concerns of the literature on growth and dynamics: the statistical properties of underlying data and the effort to ensure that growth models are consistent with empirical evidence. Third, it discusses the increasingly international focus of macrodynamics and growth theory, an inevitable consequence of the integration of the world economy.

Advances in Economics and Econometrics - Theory and Applications, Eighth World Congress (Paperback, Volume 3): Mathias... Advances in Economics and Econometrics - Theory and Applications, Eighth World Congress (Paperback, Volume 3)
Mathias Dewatripont, Lars Peter Hansen, Stephen J. Turnovsky
R1,162 Discovery Miles 11 620 Ships in 12 - 19 working days

This is the third of three volumes containing edited versions of papers and commentaries presented in invited symposium sessions of the Eighth World Congress of the Econometric Society. The papers summarize and interpret recent key developments and discuss future directions in a wide range of topics in economics and econometrics. The papers cover both theory and applications. Written by leading specialists in their fields these volumes provide a unique survey of progress in the discipline.

Advances in Economics and Econometrics - Theory and Applications, Eighth World Congress (Paperback, Volume 1): Mathias... Advances in Economics and Econometrics - Theory and Applications, Eighth World Congress (Paperback, Volume 1)
Mathias Dewatripont, Lars Peter Hansen, Stephen J. Turnovsky
R1,229 Discovery Miles 12 290 Ships in 12 - 19 working days

These three volumes contain edited versions of papers and commentaries presented in invited symposium sessions of the Eighth World Congress of the Econometric Society. The papers summarize and interpret recent key developments and future directions in a wide range of topics in economics and econometrics. They cover theory and applications and provide a unique survey of progress in the discipline.

Advances in Economics and Econometrics - Theory and Applications, Eighth World Congress (Paperback, Volume 2): Mathias... Advances in Economics and Econometrics - Theory and Applications, Eighth World Congress (Paperback, Volume 2)
Mathias Dewatripont, Lars Peter Hansen, Stephen J. Turnovsky
R1,054 Discovery Miles 10 540 Ships in 12 - 19 working days

This is the second of three volumes containing edited versions of papers and commentaries presented in invited symposium sessions of the Eighth World Congress of the Econometric Society. The papers summarize and interpret recent key developments and discuss future directions in a wide range of topics in economics and econometrics. The papers cover both theory and applications. Written by leading specialists in their fields these volumes provide a unique survey of progress in the discipline.

Macroeconomic Analysis and Stabilization Policy (Paperback): Stephen J. Turnovsky Macroeconomic Analysis and Stabilization Policy (Paperback)
Stephen J. Turnovsky
R1,219 Discovery Miles 12 190 Ships in 12 - 19 working days

The main focus of this book, first published in 1977, is the construction and analysis of an integrated macroeconomic model. In this exercise, four main aspects are stressed that has not previously received adequate textbook attention. The 'intrinsic dynamics' of the macroeconomic system are emphasized, as well as developments in inflation theory, particularly pertaining to the role of inflationary expectations. In addition, several chapters are devoted to the international aspects of macroeconomics, and their thorough coverage makes this book especially relevant to countries that are heavily dependant on international trade. Several aspects of stabilization policy are also discussed in detail, and an introduction to optimal stabilization theory is also provided. The book is appropriate to advanced undergraduate and postgraduate courses in macroeconomics.

Inequality and Growth - Theory and Policy Implications (Paperback, New Ed): Theo S. Eicher, Stephen J. Turnovsky Inequality and Growth - Theory and Policy Implications (Paperback, New Ed)
Theo S. Eicher, Stephen J. Turnovsky
R852 Discovery Miles 8 520 Ships in 10 - 15 working days

Even minute increases in a country's growth rate can result in dramatic changes in living standards over just one generation. The benefits of growth, however, may not be shared equally. Some may gain less than others, and a fraction of the population may actually be disadvantaged. Recent economic research has found both positive and negative relationships between growth and inequality across nations. The questions raised by these results include: What is the impact on inequality of policies designed to foster growth? Does inequality by itself facilitate or detract from economic growth, and does it amplify or diminish policy effectiveness?This book provides a forum for economists to examine the theoretical, empirical, and policy issues involved in the relationship between growth and inequality. The aim is to develop a framework for determining the role of public policy in enhancing both growth and equality. The diverse range of topics, examined in both developed and developing countries, includes natural resources, taxation, fertility, redistribution, technological change, transition, labor markets, and education. A theme common to all the essays is the importance of education in reducing inequality and increasing growth.

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