Economic growth and macroeconomic dynamics : recent developments in economic theory / edited by Steve Dowrick, Rohan Pitchford, Stephen J. Turnovsky.

Format:

Book

Contributor:

Dowrick, Steve, editor.

Pitchford, Rohan, editor.

Turnovsky, Stephen J., editor.

Language:

English

Subjects (All):

Economic development.

Macroeconomics.

Statics and dynamics (Social sciences).

Economics.

Physical Description:

1 online resource (xv, 183 pages) : digital, PDF file(s).

Edition:

1st ed.

Other Title:

Economic Growth & Macroeconomic Dynamics

Place of Publication:

Cambridge : Cambridge University Press, 2004.

Language Note:

English

Summary:

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.

Contents:

Growth and elasticity of factor substitution / John D. Pitchford

Relative wealth, catching up, and economic growth / Ngo Van Long and Koji Shimomura

Knowledge and development : a Schumpeterian approach / Phillipe Aghion, Cecelia García-Peñalosa, and Peter Howitt

Delinearizing the neoclassical convergence model / Steve Dorwick

Bifurcations in macroeconomic models / William A. Barnett and Yijun He

Dynamic trade creation / Eric O'N. Fisher and Neil Vousden

Substitutability of capital, investment costs, and foreign aid / Santanu Chatterjee and Stephan J. Turnovsky

Microchurning with smooth macro growth : two examples / Ronald W. Jones.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

1-107-14988-6

1-280-47797-0

0-511-19539-7

0-511-19605-9

0-511-19400-5

0-511-32715-3

0-511-60661-3

0-511-19474-9

OCLC:

171138808