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...
Even minute increases in a country's growth rate can result in dramatic changes in living standards over just one generation. The benefits of growt...
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.
This book brings together contributions in growth theory and macroeconomic dynamics that reflect more recent developments in the ongoing debate over t...
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.
This book brings together contributions in growth theory and macroeconomic dynamics that reflect more recent developments in the ongoing debate over t...
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...
Economic growth is an issue of primary concern to policy makers in both developed and developing economies. As a consequence, growth theory has long o...
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...
The main focus of this book, first published in 1977, is the construction and analysis of an integrated macroeconomic model. In this exercise, four ma...
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...
Economic growth is an issue of primary concern to policy makers in both developed and developing economies. As a consequence, growth theory has long o...
