Economic Growth and Macroeconomic Dynamics: Recent Developments in Economic Theory

ISBN-13: 9780521835619 / Angielski / Twarda / 2004 / 200 str.

Steve Dowrick; Rohan Pitchford; Stephen J. Turnovsky

Opis

This book brings together contributions in growth theory and macroeconomic dynamics that reflect more recent developments in the ongoing debate over the relative merits of neoclassical and endogenous growth models. It focuses on three important areas that have been receiving increasing attention: theoretical aspects, numerical and statistical aspects, and international issues.

Spis treści

Preface; Contributors; Part I. Topics in Growth Theory: 1. Growth and the elasticity of factor substitution John D. Pitchford; 2. Relative wealth, catching up and economic growth Ngo Van Long and Koji Shimomura; 3. Knowledge and development: a Schumpeterian approach Philippe Aghion, Cecilia García-Peñalosa and Peter Howitt; Part II. Statistical Issues in Growth and Dynamics: 4. Delinearizing the neoclassical convergence model Steve Dowrick; 5. Bifurcations in macroeconomic models William A. Barnett and Yijun He; Part III. Dynamic Issues in International Economics: 6. Dynamic trade creation Eric O'N. Fisher and Neil Vousden; 7. Substitutability of capital, investment costs, and foreign aid Santanu Chatterjee and Stephen J. Turnovsky; 8. Microchurning with smooth macro growth: two examples Ronald W. Jones; Index.